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Fed staff sees one U.S. rate hike this year, inflation stuck in low gear


    WASHINGTON (Reuters) - Staff at the Federal Reserve board see a single quarter-point U.S. rate hike by year's end, inflation stuck in low gear for five more years, and an economy growing more slowly than expected by U.S. policymakers.

    Those bearish projections were included in a set of staff forecasts presented to policymakers at their June 16-17 meeting and inadvertently posted on the Fed's website on June 29.

    (Reporting by Jason Lange; Editing by Chizu Nomiyama)