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Fed signals it will go slow on lifting key interest rate
Los Angeles Times: 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.
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