<h1>Central bank chair warns equities 'fairly highly valued,' sparking mixed global market reaction and policy uncertainty ahead of inflation data</h1> Global equity markets traded mixed after a pause in a recent rally following comments by the central bank chair that equity valuations are 'fairly highly valued,' prompting reassessment of risk and potential policy direction. Major European markets dipped modestly while select Asian indexes rose or fell unevenly; US futures were marginally firmer. The central bank's recent rate cut and guidance about additional reductions, balanced against persistent inflation above target and rising labor concerns, signal continued monetary-policy uncertainty that could affect market regulation, investor disclosures and risk-management obligations. Upcoming inflation data may materially influence future policy and compliance risks.