The US stock market is experiencing a surge, with major indexes such as the S&P 500 and Nasdaq reaching all-time highs. This rally is largely fueled by optimism regarding a potential Federal Reserve rate cut, as inflation data shows signs of a slowdown. Key factors influencing market sentiment include a steady Core Consumer Price Index (CPI) at 2.9% and a jump in jobless claims, which are prompting expectations for a significant monetary easing from the Fed. Notably, shares of Oracle have soared, driven by enthusiasm for AI technology and strong earnings, contributing to the overall market optimism. Investors remain focused on upcoming economic data, with anticipation building around the August CPI report and its implications for future Federal Reserve decisions.