Stocks mixed as U.S. inflation data trends lower, bond yields slide

By Herbert Lash and Lawrence White NEW YORK/LONDON (Reuters) – A gauge of global stock markets wavered and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slower-than-expected pace, suggesting the Federal Reserve is succeeding in taming high inflation. The Consumer Price Index rose 0.4% after gaining 0.1% in March, the Labor Department said, while in the 12 months through April, the CPI increased 4.9% after advancing 5.0% on a year-on-year basis in March. Futures showed the probability that the Fed will raise rates again in June, sliding to 1.5% from 21….

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