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Wall Street down on Fed discount rate hike move

Wall Street dipped on Friday after an unexpected increase in the Federal Reserve's discount rate signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.

Consumer prices rise marginally

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Consumer prices rose less than expected in January, while prices excluding food and energy fell for the first time since 1982, supporting the Federal Reserve's contention it would keep its benchmark interest rate low for an extended period.
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Consumer prices rise marginally, core falls

Consumer prices rose less than expected in January, while prices excluding food and energy fell for the first time since 1982, supporting the Federal Reserve's contention it would keep its benchmark interest rate low for an extended period.
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In Nevada, Obama pushes for more housing help

President Barack Obama will use a campaign stop for Senate Majority Leader Harry Reid on Friday to announce a new initiative to help support homeowners in five states hit hardest by the U.S. housing crisis.
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Futures dip on Fed's discount rate rise announcement

Stock index futures fell on Friday on a surprise increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.
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Q+A: How would a commission fix the U.S. budget crunch?

President Barack Obama on Thursday set up a bipartisan commission to tackle stubborn U.S. budget deficits, though many are skeptical Washington has the stomach right now for the tough remedies needed to address spiraling deficits and debt.
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Top U.S. Pacific Marine says base must be in Okinawa

The top U.S. Marine in the Pacific said on Friday that his forces needed to be based on the southern island of Okinawa for strategic reasons, as Tokyo struggles to resolve a dispute with Washington over relocating a base.
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China says Obama hurt ties by meeting Dalai Lama

China accused President Barack Obama of damaging ties by meeting the Dalai Lama and said it was up to Washington to repair relations between the two global powers, while stopping short of threats of retaliation.
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Futures down on Fed's discount rate rise

Stock index futures dipped on Friday on a surprise announcement by the Federal Reserve that signaled to some investors that the central bank may be retreating from its easy money policy.
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IAEA fears Iran working now on nuclear warhead

The U.N. nuclear watchdog said on Thursday it feared Iran may be working now to develop a nuclear-armed missile, as Washington warned Tehran of consequences for ignoring international demands to stop its atomic program.
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Russia urges Iran to cooperate on nuclear issue

Russia said on Friday Iran must cooperate more actively with the U.N. nuclear agency to convince the world its nuclear program is peaceful, and gave fresh signals the Kremlin may back sanctions.
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Dollar jumps, commodities, stocks hit by Fed move

The U.S. dollar rose broadly, commodity prices dropped and stocks fell on Friday after the Federal Reserve stunned markets by lifting an emergency lending rate for the first time since the financial crisis.
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Dollar jumps, commods, stocks hurt by Fed action

The U.S. dollar rose broadly, commodity prices dropped and stocks fell on Friday after the Federal Reserve stunned markets by lifting an emergency lending rate for the first time since the financial crisis.
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Probe traces Google attacks to 2 Chinese schools: report

Recent cyber attacks on Google and other American corporations have been traced to a top Chinese university as well as a school with ties to the Chinese military, the New York Times reported on Thursday, citing people involved in the investigation.
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Fed hikes discount rate but not tightening policy

The U.S. Federal Reserve on Thursday made its first interest rate move since December 2008, hiking an emergency lending rate it charges banks, but insisted borrowing costs would not rise for consumers or companies.
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Fed hikes discount rate, says loose policy to stay

The Federal Reserve raised its emergency lending rate for the first time since the financial crisis, lifting the dollar and hitting bonds as markets brushed off Fed assurances it was not a prelude to a rise in the main policy rate.

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