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Fed eyes mixed bag of data as new rate 'regime' nears
Reuters: The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over?
After watching the U.S. economy contract in the first quarter, central bank officials have signaled they won't raise rates this week. But they will have to judge whether healthier recent jobs, wage and consumer spending data have put that earlier swoon safely in the past, clearing the way for a rate hike - or hikes - later this year.
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