Stocks Hit Record High | Is A Bumper Fed Rate Cut Next?

Global stocks have climbed to a record high after the latest US inflation data eased price concerns and strengthened bets on a Federal Reserve interest-rate cut next month. The MSCI All Country World Index hit an all-time peak, following Wall Street's surge, as money markets came close to pricing in a 25-basis-point reduction at the Fed's next meeting. While core US inflation accelerated to its fastest pace since the start of the year, a modest rise in goods prices has tempered fears that the cost of tariffs could push up prices more broadly. Our Markets Live Managing Editor Kristine Aquino joins Stephen Carroll on Bloomberg Radio to discuss.

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