INFLATION

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Consumer Prices Rise in August, As Expected

U.S. consumer prices and costs excluding food and energy both rose a modest 0.2 percent last month, the government said on Friday in a report that could reassure the Federal Reserve that inflation pressures are easing.

Home shopping boosts retail sales

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Strong sales of household goods and a penchant for home shopping helped retail sales rebound in August, suggesting last month's interest rate rise did not deter shoppers.
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Wall St Set for Lackluster Start; Lehman in Focus

Wall Street stocks are set for a muted start to Wednesday trade as investors consolidate positions after the push to four-month highs, with crude oil trading at $64 a barrel helping ease inflation concerns.
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Factory gate inflation slows

Factory gate inflation slowed more than expected in August and firms' raw material costs dropped at their sharpest monthly rate in 1-1/2 years, official data showed on Monday.
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GDP Growth Revised Up Less Than Expected

The U.S. economy grew at a 2.9 percent annual pace in the second quarter, faster than originally reported but less of an upward revision than expected, as higher business investment offset a drop in residential construction, a Commerce Department report showed on Wednesday.
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Consumers gloomy, Fed minutes show less gloom

U.S. consumer confidence slipped to a nine-month low in August on inflation and job worries, while minutes of the Federal Reserve's policy meeting showed most officials thought inflation would ease in the months ahead.
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Wall St Week Ahead: Summer's end may be stormy for stocks

Wall Street's summer comes to a close next week with what could be a toxic mix for stocks: No major earnings, an overload of A-list economic data, a storm headed for the Gulf of Mexico and trading desks staffed with third-string dealers.
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Bernanke in focus as oil rises

Rising oil prices lifted European energy stocks on Friday while most financial markets were focused on an upcoming speech by U.S. Federal Reserve Chairman Ben Bernanke.
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Attention Zim Shoppers: Deadline draws near

The Reserve Bank of Zimbabwe extended its deadline for the country's currency changeover until Monday, causing chaos throughout the country over the weekend as Zimbabweans went on whirlwind of shopping sprees.
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More jobs in Europe, the story of 2006?

Employment in Europe appears to be rising in earnest following years of sluggish economic growth when companies either cut staff or shunned new recruits to safeguard profits.
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Bush huddles with economic team as growth slows

President George W. Bush will wrap up conferring with his economic team on Friday on ways to keep the economy growing against a backdrop of higher interest rates, mixed data and fears of rising inflation.
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US mulls change in key inflation gauge: WSJ

The Bureau of Labor Statistics is contemplating a change in the consumer price index that may have an impact on how markets and policymakers interpret inflation data, the Wall Street Journal reported on Monday, citing a government official.
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Blue Chip sees sluggish growth into 2007

The U.S. economy will grow at a sluggish pace for the remainder of this year and into 2007 as the worst of inflationary pressure is yet to come, a survey of top forecasters showed on Thursday.
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Productivity and unit labor costs rise

U.S. business productivity rose at a 1.1 percent annual rate in the second quarter but unit labor costs jumped sharply, according to a government report that gave the Federal Reserve a final piece of inflationary data as a pivotal meeting started on Tuesday.
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Dollar soft, equities firm as Fed pause seen

Expectations of a halt in the Federal Reserve's two-year campaign of interest rate rises kept the dollar near two-month lows on Tuesday, while auto firms led stocks higher in Asia and Europe.
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BOJ seen keeping powder dry after historic rate rise

The Bank of Japan, which last month raised interest rates for the first time in six years, is expected to keep its powder dry this week as it confirms that economic growth is slowing and with inflation yet to materialize.
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Central Banks Seek to Stop Flow of Easy Money

Central Banks around the world are tightening credit due to economic growth that could spin out of control. Skeptics say they could be going too far, while other say the banks aren't going far enough.
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Absa Group Warns of Reduced Earnings

South Africa's largest money lender, Absa Group Ltd announced on Thursday that full-year earnings might be lower than 2005's performance, in spite of reported strong first half-year earnings.
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Services, factory data below expectations

Business activity in the U.S. services sector in July and new orders at U.S. factories in June were surprisingly weak, two reports showed on Thursday, signaling that economic growth was decelerating.

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