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Inflation moves up on list of Bernanke's worries about the economy
Summary from United States, from articles in English
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CAMBRIDGE - Federal Reserve chairman Ben S. Bernanke signaled yesterday that the central bank is turning its attention to fighting inflation after several months of cutting interest rates to bolster a weakened economy and struggling financial system. (article 1)
The good news in yesterday's report is that core inflation - which excludes volatile food and energy prices - rose by only 0.1 percent. (article 9)
That suggests that the spike in fuel and food costs is not yet forcing workers and companies to demand higher wages and prices to offset those rising costs. (article 9)
The growing threat of inflation could lead to rating downgrades in many Middle Eastern countries as price pressures from soaring commodity prices coupled with strong consumer demand destabilise these economies. (article 7)
Expectations of future rises in inflation rose on Wednesday in bond markets to the highest level since the Bank of England gained independence 11 years ago. (article 6)
WASHINGTON Federal Reserve Chairman Ben S. Bernanke has moved inflation up on his list of worries, suggesting more pointedly than ever that the time for cutting interest rates is over in view of soaring oil and commodity prices and a weakened dollar. (article 4)
Federal Reserve Chairman Ben Bernanke said Wednesday he does not believe the United States will experience the out-of-control prices seen with 1970s oil shocks. (article 2)
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Other stories about inflation, cent and Bank:
Event tracking:
Story keywords
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inflation, cent, Bank, Bernanke, rates |
Source articles
- Bernanke: Fed is intent on preventing 'stagflation' (boston.com, 06/05/2008, 501 words)
- Bernanke sees no repeat of `70s-style inflation (seattletimes.nwsource.com, 06/04/2008, 641 words)
- Fed chief warns of duel with inflation (seattletimes.nwsource.com, 06/04/2008, 618 words)
- Inflation moves up on list of Bernanke's worries about the economy (L.A. Times, 06/04/2008, 359 words)
- Two Options to Fight Off Inflation (Washington Post, 06/04/2008, 544 words)
- Inflation fears fuel bond rise (ft.com, 06/04/2008, 392 words)
- Inflation poses ratings threat to Middle East (ft.com, 06/04/2008, 324 words)
- Analysts predicted the central bank, will leave ra... (baltimoresun.com, 06/04/2008, 484 words)
- Food prices climb almost 1% in April - (baltimoresun.com, 06/05/2008, 444 words)
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blaster@cs.columbia.edu
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