Snow rests on the eagle statue atop the U.S. Federal Reserve in Washington January 26, 2016. REUTERS/Jonathan Ernst
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Growing concerns about weak global growth and inflation are unlikely to deter the U.S. Federal Reserve from tightening policy, according to a Reuters poll that suggested two interest rate hikes are likely this year.The poll of over 80 analysts predicted another hike would come in the second quarter and penciled in one more towards the end of the year, which would leave rates between 0.75 and 1.00 percent.Markets predict no move until mid-2017, by which time economists expect the Fed to have raised rates four times to 1.25-1.50According to the poll median there is a 20 percent chance of a U.S. recession over the next 12 months, up from last month's 15 percent and December's 10 percent.
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