By next@nextstorynow.com 
Global financial markets experienced turbulence this week as the U.S. Department of Labor released new inflation data, showing a 4.2% year-on-year increase — higher than economists had predicted. The rise is largely attributed to persistent high energy prices and housing costs.
Investors now expect the Federal Reserve to delay any interest rate cuts previously anticipated for mid-2025. Wall Street responded with a sell-off, and European and Asian indexes followed suit. Sectors such as tech and renewable energy showed resilience, while traditional manufacturing and retail shares dipped.
Analysts from Goldman Sachs and JPMorgan warn that inflation volatility could remain into Q3, pushing investors to seek safe-haven assets like gold and U.S. Treasuries.