Right, the dow, snp 500 and nasdaq all hit their highest levels ever. The catalyst was wednesdays Consumer Price index report, but showed inflation rising less rapidly inflation rising less rapidly in april then wed seen in the first three months of the year. Fed Chairjerome Powell said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the fed will start cutting the benchmark Interest Rates sooner rather than later. Now more investors expect the fed to make its first rate cut in september and a second and december. Lets stay in the us where a virus that has killed millions of birds around the world has now spread to cows in america. Its raising concerns about the impact on the dairy farming industry. Bird flu has been detected in cows in nine us states, including michigan, texas, and oh