Markets rally as central banks signal a pause in rate hikes
Equities surged worldwide after policymakers hinted that the aggressive tightening cycle may be nearing its end.
Stock indices from Tokyo to New York posted their strongest single-day gains in months after central bankers signaled patience on interest rates.
Investors interpreted the language as a sign that borrowing costs may have peaked, easing fears of a deeper slowdown.
Bond yields fell and technology shares led the advance. Still, economists warn that inflation remains above target in many economies.
"The pause is not a pivot," cautioned one strategist, urging investors to stay disciplined.
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