LONDON, Sept 13 - Global shares and U.S. stock futures eased on Wednesday, shrugging off data that showed a key measure of U.S. inflation cooled in August, as it did little to change the outlook for Federal Reserve monetary policy in the near term.
The increase in the headline rate was a function of a surge in the cost of gasoline, in line with the jump in oil prices to their highest in 10 months. "The head-fake can still be a headache for the Fed as they have to explain why inflation is trending lower despite what people are seeing at the pump," Jacobsen added.
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Fed meeting comes during historically tough week for US stocksKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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