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JPMorgan Cuts Third-Quarter US Growth Forecast | |
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August 04, 2011 JPMorgan lowered its US economic growth forecast by 1 percent for the third quarter on Thursday blaming recent developments in the US economy for the downward revision. It also said it now expected the Federal Reserve not to raise interest rates until the middle of 2013 at the earliest. Source: http://www.cnbc.com/id/43998935?__source=RSS*tag*&par=RSS |
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