Thursday, February 21, 2008

Philly Fed, leading index point to recession (Reuters)



A grocery store aisle in a file image. Rising food costs helped push consumer prices up for a second straight month in January, more than offsetting a moderation in energy price rises as inflation showed signs of gaining steam, according to a Labor Department report on Wednesday. (File/Reuters)Reuters - U.S. Mid-Atlantic factory production
slumped to its lowest level since the last recession, while an
index of future economic activity pointed to even tougher times
ahead.




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