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Economy's weak spell puts Fed at crossroads over liftoff plans

2015-05-20 18:33:25| Apparel - Topix.net

The Federal Reserve's plan to raise interest rates this year, forged over months of strong jobs growth and a seemingly durable expansion, now faces an economy that no longer follows the script and may push the "liftoff" far into the future. That was initially dismissed as a winter lull, but recent data may point to a more substantial slowdown just as the Fed plots its exit from a zero interest rate policy maintained since Dec. 2008.

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