SP500: New Record As The Fed Data Points To A Recession

Core Insights - The S&P 500 index reached a new all-time high of 6858, driven by soft Consumer Price Index (CPI) data suggesting potential Federal Reserve interest rate cuts [1] Group 1 - The S&P 500 closed at a record high of 6858 on Monday [1] - The increase in the index was triggered by soft CPI data released on Friday [1] - The soft CPI data indicates the possibility of another interest rate cut by the Federal Reserve [1]