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U.S. Economy on Its Own Now: Fitch Ratings Report

Fox Business (05/14/14) Dunstan Prial

Growth of the U.S. economy going forward is expected to come from improved consumer confidence as a result of a strengthening housing market and rising equity markets instead of low interest rates and government spending, according to a Fitch Ratings report. Interest rates have been near zero since late 2008, sparking fears of future inflation. Fitch expects the U.S. Federal Reserve to increase interest rates gradually as unemployment declines, likely beginning in mid-2015.