Those surveyed predicted that the fed-funds rate would rise to 1.25 percent in June and hit 1.75 percent by December, 2.5 percent a year from now and 3.5 percent by December 2005.
"Monetary policy has been so accommodative for so long. They have to return to some kind of normalcy," Arun Raha, an economist with Cleveland manufacturer Eaton Corp., told the newspaper.
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