Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

The bullishness that has characterised trade for the past few weeks has ramped up since a series of reports indicating the labour market in the world’s biggest economy was slowing sharply.

Adding to that has been relief that a feared spike in inflation caused by US President Donald Trump’s tariffs has not so far emerged, giving the central bank room to loosen monetary policy.

And that trend continued Thursday with figures showing August consumer prices rose a little more than the previous month but in line with expectations, while jobless claims hit their highest level in four years.

A report last week revealed

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