The S&P 500 and the Nasdaq hit fresh highs on Monday. The market popped through early afternoon Tuesday after Jay Powell said keeping rates high for too long would negatively impact the economy.Wall Street is increasingly hopeful that Powell and the Fed will start cutting rates in September to help ease pressure on the slowing U.S. economy. Those hopes rose when the latest CPI figures released Thursday show June inflation dropped to 3% from 3.3% in May. After that, the big banks unofficially kick off earnin ...