World stocks hope for Fed pause, dollar stalls

has stabilized, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

“The Fed could surprise us and pause” in May, Ghriskey said. “But they’re very unlikely to roll over at this point. They are determined to crush inflation.”, Chicago Fed President Austan Goolsbee said on Tuesday, noting that a pullback in bank lending would help quell inflation and leave less for monetary policy to do.

MSCI’s gauge of stocks across the globe gained 0.43%. The pan-European STOXX 600 index closed up 0.62% and Japan’s blue-chip Nikkei added 1.05%.

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