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Business
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| Number of pages / Number of words: |
2 / 502 |
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Nonetheless, the economy can withstand a pretty dramatic slowdown from this blistering pace before things get dangerous. By the same token, today's benign core inflation figures may be understating price pressures, particularly given the falling dollar and record oil prices.
The central bank's officials are clearly aware of these possibilities...
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The statement accompanying this week's rate decision was explicitly neutral about future action. “The upside risks to inflation roughly balance the downside risks to growth,†it said. In other words, don't take more rate cuts for granted.
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