Fed 2014 Rate Increase Seen by Shimazu to Make Minority of Three
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The number of economists predicting the Federal Reserve will raise interest rates this year just rose to three.
Hiroki Shimazu at SMBC Nikko Securities Inc. is joining just two of his colleagues in forecasting the Fed will increase its benchmark from a record low before Dec. 31. Shimazu, the company’s senior market economist and one of the most accurate forecasters on the biggest part of U.S. gross domestic product, also said the central bank will end debt purchases in September.