Wall Street Breakfast

Fed holds rates, now sees just one rate cut in 2024. (2:11) May CPI comes in cooler than expected. (3:26) Nasdaq, S&P rally to new record highs as yields sink. (0:54) Show NotesSeeking Alpha community still favors first Fed cut in SeptemberOracle has best day in years as Wall Street heaps hype on strong bookings, guidanceGlobal oil markets set for major surplus this decade, IEA saysEpisode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.