LONDON—Global stocks held steady on Tuesday, while the dollar eased modestly ahead of U.S. inflation data that could persuade the Federal Reserve and other central banks to step back from aggressive interest rate hikes.
Headline consumer price pressures for November in the world’s largest economy are expected to have fallen for a fifth successive month, which in theory would take some pressure off the Fed to raise rates for an extended period of time—something investors have been banking on for months now.
