Thursday, June 14, 2012

Low prices, weak hiring raise odds of Fed action

 

In this Wednesday, June 13, 2012, Tammy Syniec, right, reads the list of employers participating at a job fair expo in Anaheim, Calif. More Americans sought unemployment aid last week, suggesting hiring remains sluggish. The Labor Department said Thursday June 14, 2012 that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000, an increase from an upwardly revised 380,000 the previous week. (AP Photo/Jae C. Hong)The U.S. job market is flagging, and consumer prices are barely rising. The picture sketched by data released Thursday has made some economists predict the Federal Reserve will announce some new step next week to boost the economy.

Low prices, weak hiring raise odds of Fed action
Thu, 14 Jun 2012 20:26:06 GMT

Posted by at 5:22 PM

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