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Global stocks rise on hopes recession alert forces Fed’s hand

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Reuters UK

By Herbert Lash and Carolyn Cohn NEW YORK/LONDON (Reuters) – Global equities rose and a key part of the Treasury yield curve inverted further on Friday as investors anticipated the U.S. economy will stall next year and lead the Federal Reserve to back off its aggressive hiking of interest rates. Surprisingly strong retail sales data this week hammered home the idea that the Fed will tighten monetary policy further even though soft consumer and producer price pressures suggested inflation has peaked and would allow rate hikes to ease. Treasury yields rose for a second day following comments on …

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