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Fed expected to cut US growth forecasts

But it may still continue with its plans to raise interest rates later this year
Monday, May 18, 2015 - 05:50

New York

FEDERAL Reserve officials will probably cut their forecasts for economic growth when they gather again next month, though not enough to deter their intent to raise interest rates later this year.

The median respondent to a survey of 79 economists conducted by Bloomberg

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