Bets on Rate Hikes Recede, Boosting Stocks

“Human beings have a remarkable ability to accept the abnormal and make it normal.”

― Andy Weir, Project Hail Mary

Good evening,

Stocks inched higher this week, driven by a weakening narrative for interest-rate hikes in September. 

The S&P 500 finished the week up 0.36% to 7,785.76 points, off off 0.2% from the fresh record of 7,798.99 hit on Thursday—putting the index on course to add 3.40% this month. 

The push higher came after the July consumer-price index ...

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