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Fed funds futures see rate hike in March after minutes of policy meeting

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Futures on the federal funds rate on Wednesday have priced in a roughly 80% chance of a quarter-perce. ....

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Stocks gain, commodities rise on inflation worries


Middle EastStocks gain, commodities rise on inflation worries
Herbert Lash
7 minute read
The dollar fell and a gauge of global equity markets rose on Thursday as surging commodity prices spurred the prospect of rising inflation and led investors into economically-sensitive stocks on the reflation trade.
Aluminum prices approached levels last seen in 2018 and copper prices flirted with 10-year peaks. Gold jumped more than 1% as the weaker dollar and easing Treasury yields propelled the precious metal, an inflation hedge, above the key $1,800 an ounce psychological level.
Treasury yields moved in a narrow range as bond traders largely shrugged off better-than-expected initial U.S. jobless claims data and waited for Friday s April non-farm payrolls report for market direction. ....

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