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Global Markets Rally as Inflation Data Fuels Rate Cut Optimism
Global Markets Rally as Inflation Data Fuels Rate Cut Optimism
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BTCCSquare news:
Equity markets surged to record highs as cooling inflation strengthened expectations for Federal Reserve easing. The S&P 500 breached 6,400 for the first time in history, while the NASDAQ and Dow Jones posted gains of 3% and 500 points respectively. Small-caps led the charge with Russell 2000 outperforming.
Asia mirrored Wall Street's momentum, with Japan's Nikkei 225 hitting all-time highs on corporate governance reforms. Chinese benchmarks climbed as the Shanghai Composite reached levels unseen since 2021. Market participants now price in a 94% probability of September rate cuts after CPI showed headline inflation at 2.7%.
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