New York — World stock indexes fell on Thursday as technology shares extended their recent sell-off, while the prospect of tighter monetary policy in the US and Britain pushed up the dollar. High global inventories and doubts about Opec’s ability to implement agreed production cuts pressured oil prices. The Federal Reserve on Wednesday raised interest rates, as widely expected, and signaled another hike could follow this year. Its statement prompted worries for some investors that the tone was hawkish. "When you look at the economic data, it really doesn’t point to an aggressive Fed. But you listen to the comments yesterday, and they’re still on the aggressive side as far as raising rates," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. In a sign that the squeeze on consumers may get tighter before long, three Bank of England policymakers voted to raise rates against five for keeping rates on hold. Economists polled by Reuters had expected a 7-1 vote in...
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