Wall Street

Stocks in biggest weekly loss since 2020 on interest-rate worries

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Reuters

By Koh Gui Qing NEW YORK (Reuters) – World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by inflation-fighting central banks could damage economic growth. The U.S. Federal Reserve’s biggest rate hike since 1994, the first such Swiss move in 15 years, a fifth rise in British rates since December and a move by the European Central Bank to bolster the indebted south all took turns roiling markets. The Bank of Japan was the only outlier in a week where money prices rose around the world, sticking…

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