Inflation Turns Up the Heat in February

But positive info from two regional indexes and an encouraging reading on jobless claims help offset the bad news, says Action Economics

With the Federal Reserve's March policy meeting less than a week away, a full menu of economic data reports released Mar. 15 gave Ben Bernanke & Co. plenty to chew on. The main course was data on wholesale inflation for February, and the numbers may have been a bit too spicy for the Fed. But that hotter-than-expected offering was tempered somewhat by weaker showings for two regional economic surveys, alongside an encouraging reading on first-time jobless claims.

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