Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their effect on dampening economic growth and eventually inflation, the moves might be welcomed by the Federal Reserve and other central banks. Financial conditions is the umbrella phrase for how metrics such as exchange rates, equity swings and borrowing costs affect .
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) - Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet .