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Fed's low-and-slow strategy may be tested by pickup in business spending
US business investment is finally showing signs of life, and the Federal Reserve may have to reconsider its low-and-slow approach to raising interest rates if such spending becomes a vital force for the economy.
PHOTO: REUTERS
Washington
US BUSINESS investment is finally showing signs of life, and the Federal Reserve may have to reconsider its low-and-slow approach to raising interest rates if such spending becomes a vital force for the economy.
Underneath a weak reading of first-quarter gross domestic
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