Wall Street and Asia rode a wave of Fed-rate cut whispers, stocks popping on optimism while the dollar limped under pressure. Across the U.S., inflation crept up again in August even as jobless claims rose—signs that the oven stays warm and the patience for policy wiggle is thin. Meanwhile in the UK, growth sputtered: zero percent in July, exports shrinking, factories groaning—economy looks more stutter than sprint.

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