NEW YORK: Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026.

The Dow Jones Industrial Average rose 463.66 points, or 1.04%, to 44,922.27, the S&P 500 gained 20.82 points, or 0.32%, to 6,466.58 and the Nasdaq Composite gained 31.24 points, or 0.14%, to 21,713.14 ...

U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices ...