Stocks dip on Fed concerns, yen strengthens on potential Japan intervention
NEW YORK — A gauge of global stock markets stumbled for a second straight day on Wednesday as a reading on inflation did little to alter expectations the U.S. Federal Reserve will stay aggressive in fighting inflation, while the yen jumped as Japan indicated it could move to prop up the weak currency. MSCI’s gauge […]
Stocks dip on Fed concerns, yen strengthens on potential Japan intervention
NEW YORK — A gauge of global stock markets stumbled for a second straight day on Wednesday as a reading on inflation did little to alter expectations the U.S. Federal Reserve will stay aggressive in fighting inflation, while the yen jumped as Japan indicated it could move to prop up the weak currency. MSCI’s gauge […]