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Fed move fails to sway contrarian economist

Ricchiuto says Fed has just one more rate increase in its near future before it calls it quits and reverses course

New York

IN the spring of 2014, Mizuho Securities USA's chief economist Steven Ricchiuto planted his flag for the projected date of the Federal Reserve's first post-crisis rate hike in mid-2016, further into the future than any of his peers.

And he never budged. Virtually alone