The latest Consumer Price Index (CPI) report met expectations, boosting investor confidence in a potential Federal Reserve interest rate cut. Headline inflation for August was at a 2.9% annual rate, while core inflation held steady at 3.1%. Wall Street sees these figures as supportive of a rate reduction at the upcoming central bank meeting. Major U.S. stock indexes hit record highs following the news. Figs (FIGS) experienced volatility, with shares up 24.4% since the start of the year, reaching a new 52-week high. Investors remain cautious amid trade policy uncertainty and rising Treasury yields.

Read more at StockStory: Stitch Fix, Figs, Laureate Education, Wyndham, and Adtalem Shares Skyrocket, What You Need To Know