Key Points
NEW YORK/PARIS (Reuters) -Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July, as expected, reinforcing investor bets that the Federal Reserve could start cutting interest rates soon...
But the size of the Feds first cut, which many investors are hoping will take place in September, is still in doubt as the market debates the chances of a 25 or a 50 basis-point reduction...
The consumer price index increased 0.2% last month after falling 0.1% in June, data showed, in line with economists expectations, though inflation in shelter, which includes rents, accelerated in July compared with June...
Last weeks global market sell-off was widely attributed to fears of a U.S. recession, which left traders betting that the U.S. Federal Reserve would need to cut interest rates quickly to spur growth..
Stocks jumped on Tuesday after U.S. producer price data pointed to inflation cooling, which supported speculation that the Federal Reserve could cut rates soon...
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