>>> *FED FORECASTS IMPLY TWO QUARTER-POINT RATE INCREASES THIS YEAR *FED FORECASTS IMPLY TWO QUARTER-POINT RATE INCREASES THIS YEAR*FED SAYS ECONOMY EXPANDING `MODERATELY,' JOB GROWTH PICKED UP *FED SAYS LABOR MARKET SLACK HAS `DIMINISHED SOMEWHAT' *FED FORECASTS IMPLY TWO QUARTER-POINT RATE INCREASES THIS YEAR