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Upbeat data may prompt Fed to act
Upbeat data may prompt Fed to act

WASHINGTON — Improving economic data is making the prospects more likely that the Federal Reserve will start tapering its massive bond buying next month, a move that suggests the recovery is on solid ground but that would be likely to roil Wall Street. Economic growth unexpectedly picked up in the second quarter, though it still remained relatively weak. Corporate earnings are largely stronger. Consumer confidence is back to pre-recession levels. And revisions of decades of data now show that the Great Recession wasn't quite as bad as previously thought and the recovery since 2009 has been a tad stronger. Fed policymakers remain focused on the high unemployment rate, and...

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