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By Emily Kaiser 1 hour, 3 minutes ago WASHINGTON (Reuters) - Retail sales last month dropped the most in more than three years while a measure of New York state manufacturing hit its lowest since the index started in 2001, intensifying recession fears...
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2 hours, 25 minutes ago WASHINGTON (Reuters) - In aggressively responding to the year-long credit crisis in the United States, the Federal Reserve has threatened its key responsibility of combating inflation, one of its leaders said on Monday.
"The cur..
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Brad Kelly Fri Aug 29, 6:49 PM ET Consumers put the brakes on spending while personal income plunged in July, the Commerce Department said Friday, as the effect of rebate checks faded and inflation sapped buying power.
Personal income fell 0.7%, worse..
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16 minutes ago NEW YORK (Reuters) - Stock index futures added to losses on Friday after a government report showed U.S. personal income tumbled unexpectedly in July and an inflation measure was at a 17-year high.
Stocks had already been modestly lower..
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By Burton Frierson 55 minutes ago NEW YORK (Reuters) - Consumer confidence recovered more than expected in August as worries over inflation eased, while financial markets combed through a slew of housing data for reasons to hope the worst is over for th..
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By Mark Felsenthal and Alister Bull 23 minutes ago JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday said the stronger dollar and lower oil prices, along with the weak economy, should curb inflation, in a hint that intere..
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By Alister Bull 59 minutes ago ASPEN, Colo. (Reuters) - The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indi..
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By Alister Bull 24 minutes ago ASPEN, Colo. (Reuters) - The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, one of its top policy-makers said on Tuesday...
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By Glenn Somerville and Lisa Lambert 2 hours, 28 minutes ago WASHINGTON (Reuters) - Wholesale prices shot up in July at the fastest year-on-year rate since 1981, while home builders cut back on construction as they worked through a glut of unsold homes,..
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By Glenn Somerville 1 hour, 3 minutes ago WASHINGTON (Reuters) - U.S. business productivity rose solidly in the second quarter as companies cut jobs to cope with rising costs, helping curb inflation pressures while also keeping a tight grip on stocks of..
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By Mark Felsenthal 1 hour, 5 minutes ago WASHINGTON (Reuters) - The Federal Reserve held interest rates steady on Tuesday, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
The..
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By MARTIN CRUTSINGER, AP Economics Writer 15 minutes ago WASHINGTON - Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades.
The Commerce Department reported Mond..
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15 minutes ago NEW YORK (Reuters) - Stock index futures were lower on Monday after a government report showed a higher-than-expected reading in a key inflation gauge.
S&P 500 futures fell 2.60 points and were slightly below fair value, a formula that e..
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Investor's Business Daily Fri Aug 1, 6:48 PM ET ECRI's future inflation gauge hit a 6-year low in July, falling to 112.4 from June's 114.9. The data show that the inflation outlook is cooling, consistent with a shallow recession, ECRI says. The group sa..
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By ELLEN SIMON, AP Business Writer Mon Jul 28, 4:33 AM ET NEW YORK - Coming to a store near you: Even higher prices.
Most inflation this year has come from food and fuel, as retailers resisted passing along to strapped consumers the higher prices manuf..
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By MATT MOORE, AP Business Writer 53 minutes ago FRANKFURT, Germany - Consumer confidence in Europe's biggest economy slid for a third straight month, falling to a more than 5-year low as higher energy prices, growing fears of a recession and concern ab..
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By ELLEN SIMON, AP Business Writer 2 hours, 8 minutes ago NEW YORK - Coming to a store near you: Even higher prices. Most inflation this year has come from food and fuel, as retailers resisted passing along to strapped consumers the higher prices manufa..
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by William Ickes Sun Jul 20, 12:19 AM ET FRANKFURT (AFP) - The European Central Bank is trying to convince people in the eurozone that taking a tough stand on inflation will get them through lean economic times, arguing that long-term gains warrant shor..
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Sat Jul 19, 10:12 AM ET WASHINGTON (AFP) - US President George W. Bush assured Americans Saturday that the battered US economy will "pull through" despite continuing housing woes and a spike in inflation.
"I have great confidence that our economy will..
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By Alister Bull 28 minutes ago DURANGO, Colo. (Reuters) - The Federal Reserve must not wait too long before raising interest rates or it risks a serious problem with inflation, one of its top policy-makers said on Wednesday.
"While the current accommod..
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