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Investors doubt Fed will start lifting rate in mid-2015

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Despite global challenges, most economists forecast the US economy will expand 3 per cent next year, bringing unemployment down to an average rate of 5.5 per cent in the fourth quarter of 2015.

Washington

INVESTORS eyeing recent global economic and political turmoil are expressing doubt about forecasts from Federal Reserve officials - and most Wall Street economists - that the Fed will begin to lift its benchmark rate in mid-2015.

The Federal Open Market Committee (FOMC)