INFLATION

February consumer prices flat on lower energy costs

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Consumer prices were unexpectedly unchanged in February as a drop in energy costs was offset by higher food and medical care costs, a government report showed on Thursday, backing up the Federal Reserve's commitment to ultra low interest rates.

New jobless claims dip slightly

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The number of workers filing new applications for unemployment benefits fell less than expected last week, while consumer prices were unchanged in February on lower energy prices.
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Wall St. set for level open

Wall Street was set for a flat open on Thursday, one day after the Dow pushed to a 17-month high, as data showed consumer prices were unchanged in February and the number of new applications for jobless benefits fell slightly less than expected last week.
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U.S. producer prices fall on lower energy costs

U.S. producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation.
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February producer prices fall more than expected

Producer prices fell more steeply than expected in February, posting their biggest drop in seven months as energy costs tumbled, according to a government report on Wednesday that pointed to scant inflation pressures.
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BOJ split vote raises doubts about future easing

The Bank of Japan loosened monetary policy on Wednesday in a split vote that suggested the central bank would struggle in the future to meet government demands for easier monetary conditions.
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World Bank tells China to tighten policy

The World Bank raised its 2010 growth and inflation forecasts for China and recommended a tighter monetary policy as well as a stronger exchange rate to restrain inflation expectations and asset bubbles.
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Asian shares at 2-month high, yen falls on BOJ move

Technology stocks pushed Asian shares to a two-month high on Wednesday, powered by hopes of strong earnings for Intel, while the yen faltered after the Bank of Japan loosened policy in a bid to spur the flagging economy.
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Fed renews vow to keep rates low

The Federal Reserve renewed its pledge on Tuesday to keep interest rates near zero for an extended period even as it sounded more upbeat about jobs.
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Fed holds rates, extended period vow steady

The Federal Reserve held benchmark rates near zero on Tuesday and renewed a promise to keep them exceptionally low for an extended period while pointing to increased momentum in the economy's recovery.
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China's Wen gives no ground on calls for yuan rise

Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful and even a form of trade protectionism, vowing that Beijing would stick to its own course for currency reform.
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China's Wen says external pressure on yuan not helpful

Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful, vowing that Beijing would stick to its own course for currency reform while also warning of global economic risks.
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Obama to tap Yellen for Fed vice chair: source

President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
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Leave yuan to us, China tells Obama

The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency regime.
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Markets slip as China inflation raises concerns

U.S. stocks edged lower on Thursday as China inflation data raised worries about reduced demand from one of the world's largest economies, but gains in big-cap technology shares limited losses.
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Markets fall after jobless data, China CPI

U.S. stocks fell on Thursday as U.S. jobless claims fell less than expected and inflation in China rose to a 16-month high, raising worries about money tightening in one of the world's largest economies.

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