Global stocks plunged, driven by heightened concerns about growth and fading confidence in the willingness or ability of central banks to boost their economies.
The concern is the outlook for inflation, which in small doses is crucial to a healthy economy and which monetary-policy makers around the world have failed to accelerate. Another sharp fall in oil prices and weak consumer-price data in the U.S. on Wednesday gave traders…
Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – Global Stocks Sink on Fresh Growth Fears