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International Business Times
International Business Times
Business

Markets Rise On Growing Rate Cut Hopes

Donald Trump Inflation United States Japan US Federal Reserve
Pedestrians walk past an electronic quotation board displaying the Nikkei Stock Average on Wednesday (Credit: AFP)

Markets rose Wednesday on growing hopes of US interest rate cuts after soft inflation data, with Japan's Nikkei hitting a second record high in as many days.

The S&P 500 and Nasdaq finished at fresh highs Tuesday after US data showed a tamer-than-feared impact on prices from President Donald Trump's tariff blitz.

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