Following US inflation data, stock indices in the United States rose on Wednesday, with the NASDAQ and S&P 500 setting new records.
Official data released today show that US consumer prices rose 3.3% year on year in May, down from 3.4% in April, while core inflation rose 3.4%, down from 3.6%.
The Federal Reserve is also expected to announce policy decisions later today, with interest rates expected to remain unchanged. However, the Fed is expected to announce the timing of the next policy easing cycle soon.
As of 17:13 GMT, the Dow Jones rose 0.2%, or 92 points, to 38,839, while the S&P 500 rose 1.1%, or 60 points, to 5435, and the NASDAQ rose 1.8%, or 307 points, to 17,648.
