The global stock markets saw a significant downturn today as fears of inflation and rising interest rates took hold. The S&P 500 fell by 2.5%, while the Dow Jones dropped over 600 points. Analysts are concerned that central banks may need to raise rates more aggressively to combat inflation. In Europe, the FTSE 100 also saw declines, losing 1.8% of its value. Investors are bracing for potential recession signals in the coming months.
{"title": "Global stock markets slump", "topic": "business", "summary_text": "Stock markets experienced a sharp decline due to inflation concerns and potential interest rate hikes. Major indices like the S&P 500 and Dow Jones fell significantly, with European markets also affected.", "keywords": ["stock markets", "inflation", "interest rates", "S&P 500", "Dow Jones", "FTSE 100", "recession", "investors"]}