Dollar falls, stocks rise after cooler U.S. inflation data

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By Herbert Lash NEW YORK (Reuters) – Government bonds and a gauge of global stocks rose on Wednesday after data showed cooler-than-expected headline inflation in March, suggesting the Federal Reserve may pause monetary tightening following one more rate hike next month. U.S. consumer prices barely rose as the cost of gasoline declined 4.6%, but stubbornly high rents kept underlying inflation simmering, likely ensuring that the Fed will raise interest rates after policymakers meet on May 2-3. Gold prices rose and the dollar fell after the Consumer Price Index (CPI) climbed 0.1% last month, or h…

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