The stock market had a rally on Tuesday for a very specific reason: the inflation data came in low and, at this point, its becoming increasingly likely that the Fed will cut interest rates later this year. A reduction in rates could fuel the somewhat sluggish growth rates we’ve seen throughout the economy for the past few quarters. And while all different types of economic data have an effect on the stock market, inflation is perhaps the most carefully scrutinized issue. If today’s reading of the consumer price index had come in even slightly higher than market analysts forecasted, we may have seen a big correction (drop) in the Dow Jones Industrial Average. Instead, the Dow is trading at yet another all-time high.