GLOBAL MARKETS-Stocks Head South as Fed Chair Sows Rate Cut Doubts

GLOBAL MARKET - LONDON. The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year peaks as Federal Reserve rate cut doubts also weighed on Treasuries and world stocks.

Fed Chair Jerome Powell said on Thursday there was no need to rush rate cuts to support a robust U.S. economy, and while he has pledged not to pre-empt President-elect Donald Trump's policies, traders sharply re-priced the outlook.