Wall Street sees lower stock market gains due to rate worries

U.S. stocks are forecast to post more modest gains this year than in 2014 as rising interest rates and a firmer dollar partly offset strong economic growth, a Reuters poll found. Strategists are optimistic about U.S. economic prospects for 2015, but they said the market could pull back once the Federal Reserve raises interest rates. The Fed is expected to do so for the first time in almost a decade later this year if the economy, especially the labor market, keeps improving. Strategists lowered their midyear target for the S&P to a median of 2,073 from 2,103 in a December poll and reduced the Dow Jones Industrial Average (.DJI) estimate to 18,000 from 18,500.

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