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DJ Fed Beige Book: Econ 'Generally Weak,' Consumers 'Pinched'

June 11th, 2008
WASHINGTON (Dow Jones)--The U.S. economy remained weak through May, a roundup of reports from regional Federal Reserve districts released Wednesday showed, as consumers were "pinched" by rising food and energy prices and labor markets softened.

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DJ US Tsy Paulson: High Oil Prices Could Prolong Econ Slowdown

June 19th, 2008
Tax rebate checks being mailed out as part of the economic stimulus package are helping families cope with the slowing economy and rising costs, but surging oil prices could delay the economic recovery, U.S. Treasury Secretary Henry Paulson said Thursday.

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DJ US Stocks Slightly Higher After Fed Decision

June 26th, 2008
U.S. stocks remained higher in choppy trading after the Federal Reserve left interest rates unchanged, but hinted that it is less worried about the economy and has increased concerns about inflation.

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DJ UPDATE: ECB Trichet: Ctrl Banks Can't Control Relative Prices

June 27th, 2008
European Central Bank President Jean-Claude Trichet said Friday that monetary-policy makers have to ensure price stability, even if they can't control relative price shifts within the economy.

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  DJ MARKET COMMENT: European Stocks Lower; Food Firms Weigh
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DJ; DJIA In Bear Territory, Led By GM Plunge

July 3rd, 2008
General Motors (GM) epitomized the fall of the U.S. economy and stock market Wednesday, trading at its lowest level in more than 36 years, and dragging the Dow Jones Industrial Average into bear territory. The Dow has narrowly averted a bear market this week, but the overwhelming pressure of skyrocketing oil prices and a weak job market on consumers, and hence auto makers, airlines and food processors was too much for markets in the end.

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