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Fed could hike interest rates before late 2014
There is a good chance the Federal Reserve will raise interest rates before the end of 2014, according to a Reuters poll which also showed a significant minority of economists still expect a further easing of monetary policy in coming months. The poll saw a 50-50 chance the U.S. central bank will break the pledge it made last month to keep benchmark overnight borrowing costs at near-zero for the next two years. While there was little material change to the growth outlook from a poll last month, it is clear that analysts have become more optimistic about the prospects for the world's largest economy. One reason for ... (full story)
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