Scoreboard: Growing disappointment

Wall Street ended mixed after the IMF lowered its US growth forecasts, while tensions in Gaza and Ukraine also kept a lid on gains.

The IMF released updated US growth forecasts. US growth forecasts for 2014 were lowered from 2 per cent to 1.7 per cent. 2015 growth forecasts were kept at 3 per cent -- which would be the fastest expansion since 2005. The IMF believes the Fed can keep policy rates at zero for longer than mid-2015 if inflation stays subdued.


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