The GDP growth rate, together with the national unemployment rate for October that will be announced Friday, are key numbers that could affect the timing of the Federal Open Market Committee's timing for the eventual curtailment of "QE3" bond purchases by the Federal Reserve.
The Fed has been purchasing a net $45 billion in long-term U.S. Treasury securities and $40 billion in long-term agency mortgage-backed securities each month since September 2012, in an effort to hold down long-term interest rates.
-- Written by Philip van Doorn in Jupiter, Fla.>Contact by Email. Follow @PhilipvanDoorn
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