US equities closed in positive territory yesterday, with tech and communication services stocks doing most of the heavy lifting. The catalyst? Fresh economic data showing consumer spending stayed moderate while inflation held steady—exactly what traders wanted to see ahead of next week's Fed decision. Markets are pricing in a rate cut with increasing confidence now. Tech giants bounced back after recent volatility, and telecom names rode the risk-on wave. Not a massive rally, but enough to reinforce the narrative that the central bank has room to ease without reigniting price pressures. All eyes now turn to Powell's next move.