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Caroline Baum: Financial markets still don't believe the Fed's rosy scenarios


A series of rate increases this year looks increasingly unlikely as the economy underwhelms. The Fed has been too optimistic about the economy, in part because it mistakenly thought lower gasoline prices would be a big boon to the economy.All last year, financial futures markets challenged the Federal Reserve's stated intention to raise

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Posted: January 27, 2016 Wednesday 10:17 AM