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Global Markets Rally on Central Banks' Rate Cut Signals

Asian and U.S. stock markets soar to record highs following the Federal Reserve and Bank of England's indications of impending interest rate cuts.

  • Asian benchmarks and U.S. stock markets hit record highs after central banks signal rate cuts.
  • The Federal Reserve maintains its forecast for three rate cuts this year, calming inflation concerns.
  • Japan's Nikkei 225 and South Korea's Kospi lead gains in Asia, while the Dow, S&P 500, and Nasdaq set new records in the U.S.
  • Bank of England expected to signal rate cuts soon as UK inflation falls faster than anticipated.
  • Fed Chair Jerome Powell emphasizes a cautious approach to rate cuts, seeking more confirmation inflation is moving towards its 2% target.
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