Key PointsSoaring inflation has doused hopes for more interest rate cuts.The Fed will likely raise rates in the second half of the year if inflation stays high.10 stocks we like better than Vanguard S&P 500 ETF › The Federal Reserve's interest rate decisions have a major impact on the markets. When it raised its benchmark rate 11 consecutive times in 2022 and 2023, from nearly 0% to 5.25%-5.50%, many stocks crumbled. But when it reduced its rate…