World stocks edge lower as investors await Fed hike signal

August 22, 2016 6:59 PM

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World stocks edge lower as investors await Fed hike signal

LONDON World stocks edged lower and the dollar strengthened on Monday on expectations the Federal Reserve will give a signal this week that it is gearing up to raise U.S. interest rates.

An upbeat assessment of the U.S. economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was seen raising the prospect of Fed chair Janet Yellen flagging up a rate rise at a meeting with the world's central bankers on Friday.

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