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Wednesday, June 22, 2011

BREAKING NEWS: Fed Cuts GDP View, Raises Inflation Outlook

The Federal Reserve on Wednesday cut its view of 2011 gross domestic product growth to a range of 2.7% to 2.9% from the 3.1% to 3.3% offered in April. The outlook for 2012 was also lowered, and the Fed's estimate for inflation was raised.


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