The Federal Reserve closely monitors productivity and labor costs for any signs that inflation is affecting wages. Mild inflation has allowed the central bank to keep interest rates at record lows in an effort to boost economic growth and fight high unemployment.The economy grew at a 2.7 percent annual rate in the July-September quarter. That's faster than the 2 percent rate initially estimated and nearly twice the 1.3 percent growth rate in the April-June quarter.
US Productivity Grows At Faster 2.9 Pct. Rate
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