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Economy

Yen rises suddenly; sterling hits one-year high

By Rae WeeSINGAPORE (Reuters) -The yen rose broadly on Wednesday though traders and analysts were unsure of what was behind the move, while sterling scaled a one-year top after hotter-than-expected UK inflation data.The dollar fell more than 0.8% against the yen to a session-low of 157.01, putting traders on alert for signs of another…
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Fed’s Cook: US data consistent with a soft landing

By Howard Schneider(Reuters) - U.S. inflation should continue to fall without a significant further rise in the unemployment rate, Federal Reserve Governor Lisa Cook said on Wednesday.In remarks prepared for delivery to an economics conference in Australia, Cook said she felt the evidence for a U.S. "soft landing" was lining up, with the Fed's…
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As the economy recovers, one bride tries to beat inflation

FAIRHOPE, Alabama – Is there any garment that says "optimism" more than a wedding gown?Kimberly Waldrop stood barefoot on a marble pedestal at Bliss Bridal in this southern Alabama town on the bay, trying on dress after dress while her mother and grandmother looked on. The bride-to-be shimmied in a gown with a wide skirt then twirled in another…
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