Wall Street

Stocks stumble, dollar steadfast as growth outlook darkens

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened worry about the outlook for global economic growth. Although wagers on a 100 basis point hike from the U.S. Federal Reserve later this month eased off a little overnight as Fed officials hosed down that possibility, bond markets remain priced for steep hikes to slam the brakes on output. [US/] Adding to those broad global growth concerns, China released second quarter eco…

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