A gauge of global stocks erased early losses and turned higher on Monday to build on its biggest weekly percentage gain in two years and U.S. bond yields rose as investors digested comments from Fed officials to try and determine the central bank's path of rate hikes. Equities rallied last week and U.S. Treasury yields tumbled after consumer price data indicated stubbornly high inflation may finally be starting to slow. But Federal Reserve Governor Christopher Waller said on Sunday that though the central bank may consider slowing the pace of rate increases at its next meeting, that should not be…