Fed Lowers GDP Outlook, Likely to Raise Rates by the End of 2015

The Federal Reserve lowered its forecast of 2015 GDP but maintained its March revisions forth the next two years. The Fed’s forecasts have been reduced twice for 2015, originally with a high range of +3% back in their December forecast, but now just +2.0%. The negative Q1-2015 will be revised again next Wednesday, June 24....

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