Global Stocks Gain, Dollar Drops Ahead of Fed Rate Decision

Global Stocks Gain, Dollar Drops Ahead of Fed Rate Decision
People walk past a screen displaying the Hang Seng stock index at Central district, in Hong Kong, China, on Oct. 25, 2022. Lam Yik/Reuters
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LONDON/SINGAPORE—Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S. data that showed a slowdown in inflation.

Yet nervousness about the next moves by policymakers kept gains in check ahead of a Federal Reserve meeting later on Wednesday and central bank decisions in Europe and Britain on Thursday.