Europe, U.S. futures lose early momentum ahead of Fed minutes
Dollar off 1month low, bond markets in holding pattern
Oil gains on supply questions
Turkey39;s lira in trouble again

LONDON, May 25 Reuters Stock markets stalled and the dollar moved off a 1month low on Wednesday as traders waited for news on just how aggressively the U.S. Federal Reserve the world39;s most influential central bank might jack up interest rates in the coming months.

Nerves about a global recession were jangled on Tuesday by weak U.S. housing market data, but European and Asian trading had seen the mood gradually strengthen only to then see it splutter again.

Hints of more stimulus from China and a welcome tick up in German consumer morale initially lifted Europe39;s STOXX 600 0.6 but it was struggling to stay in positive territory as another choppy U.S. session loomed

Oil was creeping up again, which along with higher food prices meant more fuel for rising inflation that central banks globally are now struggling to contain.

The U.S. Federal Reserve has vowed to act aggressively by hiking the cost of borrowing and minutes from its most recent meeting, due at 1400 ET 1800 GMT, will be parsed for clues regarding the speed and extent of those actions.

Investors currently expect a series of 50basispoint rate hikes over the next several months, stoking fears that it could easily bring the world39;s largest economy to a standstill.

From our perspective the fears of recession are real,…