The dollar slumped against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about after the worst January in 30 years. Global equities slid as investors scrutinized mixed earnings from corporate heavyweights. The U.S. currency dropped toward the lowest close since November after the Fed reiterated its intention on Wednesday to lift rates only gradually. The pound pared an earlier gain before a Bank of England rate decision that will see policymakers release new inflation and growth forecasts. European stocks dropped with S&P 500 futures. Dollar bulls had pinned their hopes on the Federal Reserve to provide a stronger signal about the pace of interest-rate increases this year after comments by the new Trump administration overshadowed data showing economic growth is picking up steam. Investors will now be keeping one eye on Friday’s jobs report and another on the narrative from the White […]