GLOBAL MARKETS-Stocks and bonds subdued as rate cut hopes face pivotal week

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Stocks and bonds worldwide were listless on Monday, as markets tiptoed tentatively into a week packed with central bank meetings and U.S. inflation data that could make or break hopes for a rapid-fire round of interest rate cuts early next year. An upbeat U.S. payrolls report has already seen investors scale back expectations for a March cut by the Federal Reserve, though May remains priced at a 76% chance. The Fed is considered certain to hold rates at 5.25-5.50% this week, putting the focus on the so-called dot plots for rates and Chair Jerome Powell's press conference.