The Federal Reserve's new favorite word is "patient." That is how the central bank is describing its sense for the timing of when it will begin raising short-term interest rates.
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Three takeaways from the past week:
- The Fed will be "patient" in determining when to hike short-term interest rates.
- Members of the Federal Open Market Committee anticipate the U.S. economy will grow between 2.5 and 3.0 percent during 2015.
- November saw the fastest pace of growth in the manufacturing sector in nearly four years, boosted by a strong rebound in auto production.
AFP EconWatch provides you with a summary of the latest economic data releases from the previous week. You are receiving this mailing because you have elected to subscribe.
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