Recent data shows a slight easing in US inflation with producer and consumer prices rising less than expected in April. Economists anticipate a gradual return to the Federal Reserve's 2% target as inflation pressures ease.
Global stock markets are reaching record highs as investors await key inflation data to gauge potential adjustments in US interest rates by the Federal Reserve. The positive market sentiment is further boosted by hopes for earlier interest rate cuts following softer than expected consumer price readings, leading to surges in stock prices and Bitcoin value.
Investors remain cautiously optimistic about the US economy's strength amidst concerns over persistent inflation and upcoming earnings reports.
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