Stocks suffered their biggest losses in years and the dollar slumped on Wednesday after the latest inflation data from the United States and China fanned worries about a global slowdown, driving investors into safe-haven government debt. The selloff wiped out all of the year’s gains in major U.S. “Right now, the risk play is off the table until stability re-enters, whether it’s through better economic data, better grip and understanding of the Ebola concerns,” said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. Federal Reserve might hike interest rates.
View original post here:
Stocks slump, bonds rally as global economy fears mount