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The Economy: A Mix of Bad News

The latest reports on wholesale inflation, consumer sentiment, and home prices show just how deeply the pain is spreading
Shoppers line up to check out at a Target store in Chicago. Consumer confidence is at its lowest level since 1993, according to the Conference Board.
Shoppers line up to check out at a Target store in Chicago. Consumer confidence is at its lowest level since 1993, according to the Conference Board. Scott Olson/Getty Images

By BusinessWeek, Standard & Poor's, and Action Economics staff

A series of economic reports released Feb. 26 delivered bad news on wholesale inflation, housing prices, and the mood of the consumer, offering a stark display of the range of problems faced by the U.S. economy.