Global stock markets have surged to new record levels as investors eagerly anticipate the US inflation report, hoping for signs of easing inflationary pressures. Economists predict a slight dip in the annual US inflation rate for April to 3.4%, with monthly price increases expected at 0.3%.
The data is crucial for insights into potential adjustments in US interest rates by the Federal Reserve, with markets showing positive sentiment. Despite concerns over inflation, stock markets remain optimistic, with hopes of earlier interest rate cuts by the Federal Reserve.
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