Fed-favored inflation gauge surprises by showing slower price increases in
November
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The barometer of U.S. inflation favored by the Federal Reserve rose more
slowly than expected in November, breaking what appears to a gradual drift
higher ...
7 minutes ago
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Fearing that a financial collapse is imminent, Greek depositors rush for the exit. This time, the European Central Bank refuses to come to the rescue and Greek banks are starved of cash. The Greek government institutes capital controls and is ultimately forced to issue drachmas in order to supply domestic liquidity.
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