US markets rise on revived rate-cut hopes from Fed comments

Global equities gained as investor expectations grew around a possible upcoming rate cut by the Federal Reserve. The U.S. dollar softened, long-term Treasury yields declined and risk assets rallied in response to remarks from central bank officials signalling a more accommodative policy path. Market participants noted that if inflation data aligns, equities could maintain momentum but flagged potential headwinds from geopolitics and earnings.