Fed’s Beige Book Finds Modest Growth in Most Districts

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Fed’s Beige Book Finds Modest Growth in Most Districts

Wages and prices remained subdued in most of the U.S. through the first week of the year, according to a survey of economic conditions, a discouraging signal for Federal Reserve officials grappling with the threat of persistently weak inflation to economic growth.
BOE Keeps Key Rate at Record Low as Oil Damps Inflation Path

Bank of England officials said the near-term outlook for U.K. growth and inflation has weakened further as they kept their key rate at a record low.
Asia markets end mostly lower; China shares post late rebound

Major Asian stock markets retraced some of their downward slide but closed mostly in negative territory, following a massive sell-off on Wall Street overnight. China bucked the trend, erasing early losses to close up almost 2 percent.

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