After softer-than-expected inflation statistics rekindled wagers that the Federal
Reserve would reduce the pace of its interest-rate rises, U.S.
equities surged to their greatest gains in more than two years.
The rise on Thursday served as a striking reminder of how much
importance investors have placed on the trajectory of inflation this year.
The economy has remained hotter than many investors had predicted
for a large portion of 2022, which has prompted the Fed to hike interest rates
at the quickest clip in decades, sending bond yields soaring and setting the stock market up