The S&P 500 and Nasdaq etched out another day of fresh highs, as inflation data from August came in line with most economists' expectations. Although headline CPI was elevated from July’s readings, hopes of the Federal Reserve cutting interest rates are still intact, with the market anticipating a 25 basis point rate cut, as opposed to a steeper half a percentage point cut. The consumer price index (CPI) rose 2.9% year over year in August compared to 2.7% in July. Month over month, CPI increased 0.4% compar ...