In a notable surge, US stock futures have risen, with the S&P 500 and Nasdaq hitting record highs, buoyed by a favorable inflation report that sparked increased expectations for Federal Reserve interest rate cuts. The latest inflation figures showed steady rates at 2.7%, leading investors to jump into riskier assets in anticipation of potential easing from the Fed. Global markets also reacted positively, extending their rally on optimism surrounding further easing measures. As traders adjust to the implications of the report, the Dow, S&P 500, and Nasdaq are outpacing previous highs, with many speculating on the potential for substantial cuts in the near future. Wall Street remains vigilant as market dynamics evolve in response to economic indicators.