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Global Markets Experience Turmoil Amid Rising US Inflation
US inflation exceeds expectations, causing global market turmoil and fears of tighter monetary policies impacting economic recovery.
Global markets are in turmoil as US inflation data exceeds expectations, pushing investors to re-evaluate their strategies. The S&P 500 dropped 1.3% while the Dow Jones fell by 0.9%. Inflationary pressures in the US are increasing fears of tighter monetary policies, which are likely to slow down global economic recovery. In Asia, markets remain volatile as investors react to the uncertain economic environment in the US.