“The further increases in the prices of energy and other commodities in recent weeks, together with the latest data on consumer prices, suggest slightly greater upside risks to the projections of both overall and core inflation than we saw last month”
Federal Reserve Chairman Ben Bernanke on Wednesday signaled the U.S. central bank was ready to cut interest rates again to prevent a housing slump and shaky credit markets from further damaging a weak economy. via WNED.org
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