London — Stocks headed lower on Monday with investors in a cautious mood ahead of the Federal Reserve’s two-day policy meeting and what could be the latest central bank signal of an even faster pace of tightening just as signs of a global slowdown mount.
US Treasury Secretary Janet Yellen said on Sunday that US economic growth was slowing but added that a recession was not inevitable. Data, however, suggests the likelihood of a downturn. “The risks of recession are increasing, but we recommend investors avoid positioning for any single scenario.”
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