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Dollar, bond yields advance on Fed rate hike | Reuters

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By Caroline Valetkevitch | NEW YORK NEW YORK The dollar hit a 14-year high and government bond yields rose broadly on Thursday, extending gains from a day earlier when the Federal Reserve hiked U.S. interest rates and signaled increases would follow at a faster pace next year.U.S stocks bounced back from their biggest daily percentage decline in about two months, led by gains in financial shares. The Dow Jones industrial average again neared the 20,000 mark.The Fed's rate rise of 25 basis points to 0.5-0.75 percent was well-flagged, but investors were spooked when the "dot plots" of members' projections showed a median of three hikes next year, up from two previously.Fed fund futures slid to imply an almost 50-percent chance that the Fed would raise rates three times, with two hikes fully priced in already.The central bank's decision to raise rates comes as U.S.

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| Reuters
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