U.S. stocks ticked to the edge of records Monday as Wall Street’s momentum keeps driving it upward. The Standard & Poor's 500 rose 15.87 points, or 0.3%, to 5,631.22 and finished just shy of its all-time high set last week. It’s coming off its 10th winning week in the last 12, lifted in large part by expectations that inflation is slowing enough to convince the Federal Reserve to ease interest rates soon. The Dow Jones industrial average climbed 210.82, or 0.5%, to 40,211.
For roughly a year, the Fed has been keeping its main interest rate at the highest level in more than two decades. Lower rates would release pressure that’s built up on the economy because of how expensive it’s become to borrow money to buy houses, cars or anything on credit cards. Fed officials, though, have been saying they want to see “more good data” on inflation before making a move. In remarks before the Economic Club of Washington, Federal Reserve Chair Jerome H.
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