World stocks edged higher and the dollar crept up from eight-month lows on Friday as data showing the U.S. economy is on a lower growth path and inflation is slowing kept alive hopes the Federal Reserve would ease its aggressive tightening next week U.S. consumer spending fell for a second straight month in December, while inflation continued to subside, the Commerce Department said, allowing the Fed to slow the pace of its interest rate hikes when policymakers meet next week.
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