Global stock indices posted record highs this morning following a report from the Department of Labor showing that core inflation has cooled to exactly the Federal Reserve’s target of 2%. Markets was previously weighing the odds of another interest rate hike, but following this data, economists are forecasting a rate cut as early as the next FOMC meeting. The S&P 500 up and Nasdaq gained 1.5% and 2.1% respectively in early trading.