Stock markets rose Wednesday, with Wall Street building on the previous day's record highs after steady US inflation data fuelled hopes that the US Federal Reserve will cut interest rates.

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.

Follow live coverage of the July consumer price index report, released earlier today. Inflation rose by 2.& in the month as ...