LONDON/SINGAPORE—Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S. data that showed a slowdown in inflation.
Yet nervousness about the next moves by policymakers kept gains in check ahead of a Federal Reserve meeting later on Wednesday and central bank decisions in Europe and Britain on Thursday.
The subdued price moves followed a rally in stocks and a sharp drop in the dollar the previous session when the consumer prices data was released.
The U.S. consumer price index increased 0.1 percent last month, 0.2 percentage points slower than economists expected. In the 12 months through November, headline CPI climbed 7.1 percent—its slowest pace in about a year….