EMERGING MARKETS-U.S. interest rate outlook sinks Latam markets

SAO PAULO, May 22 (Reuters) - Latin American currencies and stocks weakened across the board on Friday, after U.S. inflation data stoked investors' expectations that interest rates in the world's largest economy will be hiked sooner rather than later. Nearly every currency in the region weakened against the dollar, while the MSCI Latin American stock index dropped to its lowest level in a month. The U.S. Consumer Price Index, stripped of volatile food and energy components, notched a 0.