US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.

All three major stock indexes finished higher on Wednesday, with the S&P 500 and Nasdaq Composite climbing to fresh records despite bouts of weakness, as traders boosted the chances of 2025 interest-rate cuts.

Signs that U.S. tariffs on imports have not fully filtered into headline consumer prices came as a relief for investors this week as they seek insight on the impact of trade uncertainty on the economy.