Stocks Steady, Dollar Dips as Investors Brace for US Inflation Data

Stocks Steady, Dollar Dips as Investors Brace for US Inflation Data
People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, on July 19, 2022. Lam Yik/Reuters
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LONDON—Stocks and bonds steadied on Wednesday, while the dollar edged lower ahead of U.S. inflation data that could give clues to the Federal Reserve’s appetite for more aggressive rate rises.

The Consumer Price Index (CPI) report will be released at 1230 GMT, with markets watching for signs that inflation eased in July despite unexpectedly strong U.S. jobs numbers last week.