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Why is the Fed raising rates? Here is Reuters' thinking. Quotable: " A Reuters survey of the top economists on Wall Street found all 21 expect the Fed to raise rates to 1.25 percent."

The Boston Globe -- lowest rates in 46-years are history. Quotable: "By year's end, many economists expect the benchmark rate to double to 2 percent from its current 46-year-low of 1 percent, and then double again, to about 4 percent, by the end of 2005." Posted by Greg Ransom | TrackBack