Global stocks declined for the second consecutive session as investors reacted to new U.S. inflation data and uncertainty surrounding the Federal Reserve's interest rate plans. Following Donald Trump's election victory, U.S. equities reached record highs, but fears over potential inflation resurgence and fiscal deficits have led to heightened volatility in the markets. The dollar surged to a two-year high, while non-U.S. equities, particularly in Europe and developing markets, faced significant losses. Concerns about Trump's economic policies, including tariffs and potential inflation, have compounded pressures on global markets, leading to a drop in key indices like the S&P 500 and Nasdaq. Additionally, the crypto market saw fluctuations with Bitcoin nearing $90,000 amidst Trump's pro-cryptocurrency stance. Analysts are closely watching the upcoming consumer price index report for insights into inflation trends that could impact future Federal Reserve decisions.