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The phrase "it's rumored" is correct and commonly used in written English.
It is often used to introduce a piece of information that is not yet confirmed or verified, but is believed to be true. Example: "It's rumored that the company will be announcing layoffs next week."
Exact(55)
You know, it's rumored that Audrey Hepburn's real name was Etta.
Let's put it this way, it's rumored that scouts for the Rockettes were impressed by Steve Weatherford's 6 punts in the first half.
I love the unintentional typo of the sign in the courtyard of my sister's West Village apartment building, where it's rumored Jack Kerouac once lived.
Plus there's Apple's iTunes and the radio service it's rumored to launch.
It's rumored that a certain former president's daughter is here, at the fair.
And it's rumored that some of its late members still reside, playing a late-night poker game.
Similar(5)
It is rumored that Henry Kissinger will be appointed the league's chairman.
Last year it was rumored he was looking to strike a deal with Britain's Barclays.
Other Boca fans, it is rumored, were the culprits.
It is rumored that Queen Rania is a fan.
It was rumored that President Vladimir V. Putin would arrive late today.
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CEO of Professional Science Editing for Scientists @ prosciediting.com