Inflation moderates to 3.0%, global PMI rises, and the Fed cuts rates to 3.75–4%. Despite the U.S. government shutdown delaying key data, equity markets advance on strong earnings and AI growth. Bonds and gold outperform as yields fall.

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Inflation moderates to 3.0%, global PMI rises, and the Fed cuts rates to 3.75–4%. Despite the U.S. government shutdown delaying key data, equity markets advance on strong earnings and AI growth. Bonds and gold outperform as yields fall.





