Wall Street Ticks up as CPI Keeps Rate Cuts on the Table

Wall Street's main indexes edged higher in choppy trading on Wednesday after data showed inflation was moderating as expected, cementing wagers that the U.S. Federal Reserve was on track to start its policy easing cycle next month. Labor Department data showed U.S. consumer prices rose 0.2% as expected in July, taking the headline inflation to 2.9% year-on-year from 3% in June, below economists' expectations of 3% growth. "There is nothing in here that should prevent the Fed from proceeding with a rate cut in September," said David Doyle, head of...