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Currency to slide amid spending cuts and renewed debt turmoil.
S&P 500 earnings seen gaining just 0.6% in Q1 and Q2 as European slump hits recovery.
March acceleration may limit policy makers use of economic stimulus.
Ratings agency says second downgrade reflects nations debt burden.
Increase is lowest in five months; jobless rate declines to 8.2%.
Four Fed bank presidents speak out against additional accommodation.
Challenger says planned firings in the U.S. hit a 10-month low of 37,800.