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Monday, October 8, 2012

Fed open to linking rate hike to economic gauge - Businessweek

WASHINGTON (AP) — The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates.

The Fed has told investors that it plans to keep short-term rates low for at least another three years. But it appears to be leaning toward setting a more specific target, according to minutes from the Fed's last policy meeting.

Read more: Fed open to linking rate hike to economic gauge - Businessweek

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