Stocks slip, dollar gains on tighter policy outlook

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By Herbert Lash NEW YORK/LONDON (Reuters) -The dollar firmed and global equity markets fell on Friday as rising interest rates unsettled investors amid a growing chorus of central bank officials insisting monetary policy needs to remain tight for some time to lick inflation. U.S. mega-cap growth companies came under pressure and shares of ride-hailing firm Lyft Inc tumbled 36% after a downbeat forecast. In Europe, a dour outlook by Adidas added to the downbeat mood that higher interest rates gave investors. A sell-off in government debt set the day’s tone. The yield on benchmark 10-year Treasu…

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