Global stocks down as big rate cut hopes fade, dollar rises

NEW YORK (Reuters) - A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal Reserve at its next meeting were dialled back, pushing the dollar higher.On Wall Street, a climb in major indexes fizzled late in the session after the Wall Street Journal reported the Fed is likely to cut rates by 25 basis points when it meets later this month, after comments by a Fed official on Thursday raised expectations a larger cut may be on the..