(Reuters) - NEW YORK, May 15 - Stocks rose while Treasuries firmed and the dollar edged lower on Tuesday, as tame U.S. inflation data left open the prospect for Federal Reserve interest rate cuts later in the 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. The annual core figure of 2.3 percent was below market expectations.
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