Global markets rally as inflation data eases concerns over interest rates

Stock indices in New York, London and Tokyo saw strong gains after consumer price data came in below forecasts. The positive inflation news has sparked hopes that central banks may slow down their pace of interest rate hikes. The Dow Jones Industrial Average surged over 500 points, while the FTSE 100 and Nikkei 225 also posted significant gains. Bond yields fell as traders adjusted their expectations for monetary policy. Analysts remain cautiously optimistic, warning that volatile commodity prices and geopolitical tensions could still impact market sentiment in the coming months.