The S&P 500 and Nasdaq have hit record highs, driven by strong performance in the technology sector and optimism over artificial intelligence-driven growth.
However, economists caution that the stock market surge may not reflect the realities of everyday Americans, many of whom continue to struggle with high living costs.
Federal Reserve officials are keeping a close watch, balancing inflation risks with the need to sustain economic momentum. Investors remain bullish, but market volatility is expected as election season approaches.
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