(Reuters) - LONDON, May 15 - Stocks pared losses while Treasuries firmed and the dollar edged lower on Monday as tame U.S. inflation data left open the prospect of Federal Reserve interest rate cuts later this year.
U.S. consumer prices rose a smaller-than-expected 0.4 percent in April while core inflation, excluding volatile food and energy, was 0.2 percent, in line with forecasts.
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