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By Herbert Lash NEW YORK (Reuters) -Global stocks rose and the dollar strengthened on Wednesday after a surprise cooling of British inflation bolstered
Global stocks rose and the
dollar strengthened on Wednesday after a surprise cooling of
British inflation bolstered the risk-off sentiment across
markets that anticipate the Federal Reserve next week.
Inflation eased markedly last month, but that won't keep the Fed from raising interest rates, pros say. Headline inflation cooled sharply last month to beat economists' forecast as prices rose on an annual basis at the slowest pace in more than two years, the June Consumer Price Index (CPI) revealed Wednesday.Core inflation, which excludes volatile food and energy costs and is considered to be a better predictor of future prices, remained higher than policymakers would like, but it too surprised