Investors are sharpening their focus on inflation, even if markets weren’t all that rattled by Wednesday’s reading from the consumer-price index, as it matched Wall Street’s expectations.

Treasury yields resumed their rise as investors looked ahead to crucial consumer price data on Wednesday, which could further erode confidence in Federal Reserve interest-rate cuts next year.

By Alun John and Kevin Buckland LONDON/TOKYO (Reuters) -World stocks dropped for a second successive day on Wednesday, jolted by another push higher in U.S. Treasury yields ahead of inflation data that could inform the pace of Federal Reserve policy easing.