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Monday, May 30, 2011

The Sputtering U.S. Recovery

Analysts worry that interest rates will rise after the Federal Reserve's massive bond buying program, aimed at spurring growth, comes to an end in June. There are concerns about further cutbacks from budget-strapped state and local governments. And last week's disappointing economic reports — unemployment claims rose and first-quarter consumer spending was softer than previously thought — prompted more forecasters to take out their erasers and lower their economic and job projections.-Positive signs in an anemic U.S. recovery

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