INFLATION

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China's July output cools while inflation stays hot

China's industrial output grew at a slower pace in July while inflation unexpectedly quickened, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

China July inflation picks up, piling pressure on PBOC

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China's annual inflation rose to a higher-than-expected 6.5 percent in July, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

With Markets, Economy Reeling, All Eyes Turn to Fed

At Issue: U.S. Monetary Policy
The U.S. Federal Reserve will announce its monetary policy Tuesday following an unprecedented downgrade of the U.S.Government's credit rating by Standard & Poor's and the markets will likely look to Fed Chairman Ben Bernanke to provide appropriate comments on the state of the nation's banking system and its fiscal condition.
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Britain, other eurozone countries face ratings cut: Jim Rogers

Britain and several euro zone countries are likely to have their credit ratings cut in coming months as debt problems worsen, and Western policymakers are bound to embark on more quantitative easing to get their economies moving, American investor Jim Rogers said on Monday.
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Kohn: Fed might consider more easing

Former Federal Reserve Vice Chairman Donald Kohn said on Wednesday the Fed might need to give serious consideration to further easing if the economy weakens more than expected and underlying inflation comes down.
U.S. President Barack Obama

It's Recession 2012! Early Signs of Economic Slump Emerge

With more than 14 million people out of work, consumer spending falling by the day, the GDP growth outlook remaining grim and rising inflation denting confidence of ordinary people, a massive spending cut of more than $2 trillion would be the proverbial last straw on the camel's back.
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Japan vows to stem yen rise, PM calls for BOJ action

Japan kept markets on guard for currency intervention and more monetary easing on Wednesday, with the finance minister vowing to stem the yen's rise and the prime minister calling for central bank action to protect the economy.
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China halts offshore yuan borrowing to tighten policy

China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy to battle inflation.
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'Headwinds' should keep RBA at bay

The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
At Issue: U.S. Economy

As Democrats, GOP Spar, U.S. Economy Weakens

U.S. gross domestic product (GDP) rose just 1.3 percent in the second quarter and a scant, revised 0.4 percent in the first quarter -- statistics that reveal a U.S. economy that's not only growing at a very slow rate, it's in danger of falling back into a recession.
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China should make real deposit rates positive: C.bank adviser

China should gradually make real bank deposit rates positive and continue to use open market operations and bank reserve requirements to slow money supply, an academic adviser to the People's Bank of China said in comments published on Wednesday.

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