A daily round-up of economic news
A daily round-up of economic news:Markets received a boost this morning as the Consumer Price Index came in unexpectedly flat. An increase of 0.3 percent had been expected, but both headline and core inflation numbers were unchanged in February. The release is expected to help clear the way for deep interest rate cuts next week.The numbers out of Europe were not so benign. Eurozone inflation raced ahead at 3.3 percent annual pace, virtually assuring that the European Central Bank will maintain or increase interest rates. Interestingly, fuel costs were the prime force behind the increase, while an apparent drop in American fuel costs had the opposite effect on the CPI. The dollar continues to plumb new lows against the euro and
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