INFLATION

Gold climbs to record as Mideast violence flares

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Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.
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Gold rises towards $1,425/oz after U.S. payrolls

Gold rose toward $1,425 an ounce on Friday as U.S. February payrolls data supported expectations the Federal Reserve will hold off tightening monetary policy and as unrest in North Africa continued.
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Fed officials argue easy-money policy should stay

The U.S. Federal Reserve is right to carry on with its cheap money policy to fight high unemployment, but policymakers must stay on guard for signs of inflation, two top Fed officials said on Thursday. Atlanta Fed President Dennis Lockhart, speaking in Tallahassee, Fla., said the Fed should stay vigilant for any rise in inflation
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Asia stocks head for biggest weekly rise in 3 months

Asian stocks are heading for their biggest weekly gain in three months on bargain-hunting after their recent drop while the euro perked up after the central bank signaled a rate hike as early as next month.
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Euro, U.S. business gains, price pressure builds

Growth in the service sectors in the United States and Europe hit its highest in five years in February, suggesting economic growth is accelerating though inflationary pressures are building.
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Fed needs vigilance on inflation: officials

The Federal Reserve Bank should continue to flood the economy with cheap money to fight high unemployment, but policymakers must stay on watch for signs of inflation, two top Fed officials said on Thursday.
Silhouetted workers walk in front of office towers in the Canary Wharf financial district in London

Data points to strengthening growth, jobs market

The number of Americans filing new claims for jobless aid hit the lowest level in more than 2-1/2 years last week and service sector hiring picked up in February, signs the labor market recovery was quickening. Another report on Thursday confirmed business productivity picked up a bit in the fourth quarter
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Fed's Lockhart urges vigilance against inflation

A spike in commodity costs is making consumers expect higher prices in the short-run, and Federal Reserve officials must make sure longer-run expectations remain under control, a top central bank official said on Thursday.
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ECB reviews bank support, to talk tough on inflation

The European Central Bank will step up its anti-inflation rhetoric and may phase out some of its crisis support measures on Thursday as it prepares the ground for an interest rate rise likely later this year.
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ECB dusts off phrase that signaled rate rise

The European Central Bank will exercise strong vigilance over rising inflation, President Jean-Claude Trichet said on Thursday, deploying a phrase that in the past signaled a rate rise was only a month away.
Germany's Agriculture Minister Aigner talks with EU Health and Consumer Policy Commissioner Dalli during an EU Agriculture and Fisheries Ministers' meeting in Brussels.

Eurozone economy grew 0.3 pct in fourth quarter

Gross domestic product (GDP) of the eurozone grew 0.3 percent in the last quarter of 2010, mainly boosted by exports from the region, according to the second estimates released by Eurostat on Thursday.

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