Analysis-Investors renew focus on Fed following signs inflation may have peaked By Reuters – Investing.com

Analysis-Investors renew focus on Fed following signs inflation may have peaked By Reuters – Investing.com

By Lewis Krauskopf and David Randall

NEW YORK (Reuters) - Data on Wednesday hinted that U.S. inflation may have peaked, reassuring investors that the Federal Reserve will not feel obligated to hasten plans to rein in emergency-level support of the economy, but they remained worried that rising prices could continue to weigh on everything from bond prices to corporate margins.

Data showed on Wednesday that U.S. consumer price increases slowed in July even as they remained at a 13-year high on a yearly basis. The and the closed at record levels, while U.S. Treasury yields fell across most maturities.