LONDON—Bets on a screeching slowdown in U.S. inflation data later saw traders shove the dollar to a 2-month low on Wednesday and push stocks up and bond market borrowing costs down for a third day running.
Economists polled by Reuters expect to see June U.S. consumer price inflation slow to 3.1 percent from 4 percent in May, which might be enough to convince the Federal Reserve to end its aggressive rate hikes—if not this month, at least soon.
