"Global Markets React to Lingering Inflation Concerns and Rate Cut Rethink"

U.S. markets declined following higher-than-expected inflation data, with the Dow experiencing its worst day since March 2023. Sony's quarterly revenue exceeded estimates, driven by its gaming business. Indonesia heads to the polls to elect a successor to President Joko Widodo. Cryptocurrencies, including Bitcoin, retreated amid the market sell-off. The latest U.S. inflation data raised concerns about the Fed's ability to control inflation, potentially leading to prolonged elevated interest rates.