US businesses fear a stronger dollar may weigh on growth and exports

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The Federal Reserve’s decision to raise interest rates for the first time in seven years has triggered mixed reactions from corporates. With a strong dollar already impacting exports, and freight volumes low, many companies are worried that the economy is not sufficiently strong enough to withstand the quarter percentage point rise, reported The Wall St Journal. However, while some noted that it could affect inventory and stocking decisions, other companies said there would be little effect. GM, for example, said ...