Latin American Assets Lag EM as Traders Seek More Clues From Fed

A rebound in developing-world assets showed signs of stalling as traders wait for upcoming US economic data for clues on when the Federal Reserve is likely to start cutting interest rates.

Most emerging-market currencies weakened on Wednesday, with the Colombian peso and the Peruvian sol seeing some of the biggest depreciations. An MSCI Inc. gauge for stocks edged up, although gains came mostly from Asian names. Latin American stocks declined for the first session in four.

Data due later this week including the Fed’s preferred gauge of consumer prices could show that “inflation is still elevated and disinflation has temporarily ...