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AFP EconWatch: 'Patient' is the Fed's New Word

  • By Staff Writers
  • Published: 12/22/2014

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:

  1. The Fed will be "patient" in determining when to hike short-term interest rates.
  2. Members of the Federal Open Market Committee anticipate the U.S. economy will grow between 2.5 and 3.0 percent during 2015.
  3. 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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