World stocks dropped on Tuesday as investors braced for the Federal Reserve to signal it could temper or scrap expected cuts to interest rates this month. Stellar non-farm payroll data last week pointed to a robust US labor market, which"could prompt the central bank to use a smaller knife when cutting interest rates," said Neil Wilson, chief market analyst for Markets.com.
World stocks dropped on Tuesday as investors braced for the Federal Reserve to signal it could temper or scrap expected cuts to interest rates this month. Stellar non-farm payroll data last week pointed to a robust US labor market, which"could prompt the central bank to use a smaller knife when cutting interest rates," said Neil Wilson, chief market analyst for Markets.com.
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