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US economic growth sustainable, rates to rise in third quarter 2015

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WASHINGTON - The U.S. economy is on a self-sustaining growth path that should allow the Federal Reserve to start raising interest rates in the second half of 2015, according to a Reuters survey of economists.

Despite trimming growth estimates for 2014 because of a dismal first quarter, nearly all of the 48 economists in the survey said the recovery was durable given a decline in uncertainty over fiscal policy and a pick-up in job growth.

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