US economy - Explaining outlook is Fed's challenge

FEATURE - Federal Reserve officials meet Tuesday and Wednesday to accomplish two tasks: to set the course of interest rates and outline a view on the U.S. economy.

The first job is easy reports Bloomburg News. The Fed probably won't raise the overnight rate from 1.75 percent, a 40-year-low, until hiring and business investment increase, economists say.

"Two things are necessary before the Fed starts to raise rates: at least a leveling of unemployment and a pickup in capital spending,'' said

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