Fed Pauses Rate Hikes, Dollar Surges

This is a U.S. news story, published by Yahoo Finance, that relates primarily to Conagra Brands news.

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policy rate forecasts

Reuters

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Morning Bid: Markets fear Fed floor at 4%, dollar booms

Summary

Nutrition label

78% Informative

The Federal Reserve's "hawkish cut" on Thursday had been broadly expected.

Markets now fear 4% policy rates will be the floor for the coming year at least.

The dollar rocketed to its highest in more than two years - bowling over emerging, developed and crypto currencies alike.

The VIX volatility gauge jumped 11.75 points to close at a four-month high of 27.62 .

Q3 corporate profits, weekly jobless claims, Philadelphia Federal Reserve's December business survey, November existing home sales, Kansas City Fed manufacturing survey, October TIC data on overseas Treasury holdings

US Treasury sells 5-year inflation-protected securities

U.S. corporate earnings: FedEx , Nike , Conagra Brands , Lamb Weston , Darden Restaurants , Accenture, Carmax, Factset, Paychex, Cintas

European Union summit in Brussels (By Mike Dolan ,; [email protected]).

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Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language