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Q3 productivity revised upwards, but Fed likely to keep rates low
Published Wed, Dec 3, 2014 · 09:50 PM
Washington
US non-farm productivity grew a bit faster than initially thought in the third quarter, while sharp downward revisions to compensation pointed to muted wage inflation that should give the Federal Reserve room to keep interest rates low for a while.
The Labor Department said on Wednesday productivity expanded at a 2.3 per cent annual rate instead of the previously reported 2.0 per cent.
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