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Commodity crash backs Bernanke inflation view

Posted on 18 June 2012

A plunge in global commodity prices is tilting the balance in favour of Federal Reserve Chairman Ben S Bernanke and colleagues who may seek further action to boost growth as the US labour market falters and risks from Europe rise.
The Standard & Poor’s GSCI Total Return Index of 24 commodities has fallen 16% since May 1. Oil is down 21%, and corn has slumped 18%. Inflation, as measured by the personal consumption expenditures index, slowed to an annual 1.8% rate in April, below the Fed’s 2% goal………………………………………..Full Article: Source


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