Stocks hit fresh record high but US dollar weakens as Fed rate cut expectations gain momentum

By Naomi Rovnick and Chibuike Oguh NEW YORK/LONDON (Reuters) -World shares hit record highs on Tuesday after U.S. consumer prices data fueled expectations of an impending Federal Reserve interest rate cut in September, and a trade war truce between Washington and Beijing also buoyed sentiment. On Wall Street, the benchmark S&P 500 and the Nasdaq hit record highs after losing ground in the