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The 0.1% drop in consumer prices marks the first overall decline in prices in over two years, and some economists are saying the moderation could have a direct effect on the Fed's target funds rate. The seasonally-adjusted U.S. Consumer Price Index rose in line with expectations on both fronts, as...
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The Bank of Canada's rate decision and semi-annual testimony from Fed Chairman Ben Bernanke are the main events of what is looking to be an action-packed Tuesday. Markets will also be treated to the Canadian new motor vehicle sales, U.S. PPI and the Empire Fed's manufacturing index. At 7:45 a.m. EDT...