Stocks, dollar slip ahead of Fed decision on rates

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Key Points

NEW YORK/LONDON (Reuters) -World shares slipped on Wednesday, pulled lower by a slide on Wall Street, while Treasury prices rose as investors deemed the U.S. economy was headed toward a soft landing hours before the Federal Reserve concludes its two-day policy meeting...

Investors hope to glean clues and further insight on when the Fed starts to cut interest rates, with futures suddenly shifting bets to favoring a March cut at a 63% probability, according to the CME Groups FedWatch Tool...

The dollar index has gained almost 2% against a basket of major currencies this month, its biggest rise since September, as markets dialed back expectations on the speed and scale of rate cuts..

Chinas blue-chip index, which earlier this month hit its lowest since 2019, lost 0.9% and is down roughly 6% for January, marking its sixth straight monthly decline a record losing streak...

Oil prices fell, pressured by lackluster economic activity in leading crude importer China, but a first monthly gain since September remained in sight as flaring tensions in the Middle East heightened supply concerns...

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