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Albeit Modest, Still Recovery
By Evelina M. Tainer, Chief Economist, Econoday
Economic indicators were abundant this week and they all seemed to point in the direction of recovery. Economists - along with Fed policymakers - still believe this recovery will be relatively mild, though capital spending remains a wild card. Remarks by policymakers persuaded many market players that the fed funds rate hike will be coming in June rather than in May. But there is always room for doubt, leaving room for speculators.
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