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Fed signals it will go slow on lifting key interest rate
Fed signals it will go slow on lifting key interest rate

The American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve's signal that it would take as long as three years to raise interests to once-normal levels. Fed officials, concluding their last meeting of the year Wednesday, issued a statement that essentially left their easy-money policy in place, indicating that their key interest rate would stay near zero for at least a few more months. And the longer they take in lifting rates, the longer consumers are likely to enjoy lower mortgage and credit card rates and businesses get cheaper borrowing costs. In addition, the Fed continued to give a more...

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