Stock market investors are anticipating a September rate cut after the latest CPI report, pushing the S&P 500 towards an all-time high. The S&P 500, Dow, and Nasdaq all opened with a 0.5% increase, with the S&P 500 potentially setting a new record if it closes above 6,389.77. The July consumer price index rose by 2.7% annually, meeting expectations and giving the Fed room to focus on a weaker labor market signal for a potential interest-rate cut in September.

Read more at Barron’s: Stocks Open Higher. CPI Report Seen Clearing the Way for a Rate Cut.