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Fed Scales Back Forecast for Growth, Inflation

from IndustryWeek

The Federal Reserve trimmed its growth forecast for 2013 slightly and slashed its inflation outlook, suggesting it saw little threat to prices from its ongoing easy-money program. The economy was expected to grow at an annual rate of 2.3 percent to 2.6 percent, slightly below the 2.8 percent top-end growth previously forecast. more

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