Global stocks gain and yields retreat ahead of Fed
Global stocks edged higher on Wednesday as bond yields retreated while investors awaited a widely anticipated Federal Reserve interest rate decision. Meanwhile, oil prices dropped amid easing supply concerns and the dollar remained largely flat against major currencies.
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Xurve View
Global stocks edged higher Wednesday morning, pulling back from two straight sessions of losses as investors positioned for the Federal Reserve interest-rate decision. Equities had come under pressure over the past two sessions as rising government bond yields fueled economic concerns. Markets priced in a 90% probability of a 25-basis-point increase, according to the CME Group FedWatch tool.
