Equity markets edge up, oil drops, on growth worries ahead of Fed meeting
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NEW YORK (Reuters) - World stock markets inched higher on Tuesday as investors looked ahead to whether the U.S. Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy. Steep declines in equity markets over the last two months have sapped investor confidence, spurring fund managers to predict global growth to weaken over the next 12 months, the worst outlook in a decade, Bank of America Merrill Lynch's December..