U.S. securities industry group sees moderate growth

(Reuters) - Rising energy prices and a sudden rise in long-term
interest rates are likely to weigh on the consumer and drag out
the moderate growth.




"It's likely to prolong the housing contraction," said
David Resler, Chief Economist at Nomura, of the recent rise in
long-term rates. "I think the jump in long-term rates may
prolong the period that the U.S. is not out of the woods."


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