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Here are some things I think I am thinking about this week: 1) CPI comes in soft: Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI which came in at 3.62% year over year vs last month’s rate of 3.8%. This continues the clear downward trajectory that was so dominant last year. There were ...
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A barge hit a bridge in Galveston, Texas, on Wednesday, spilling oil into surrounding waters and closing the only road to a small island, officials said. The bridge that leads to Pelican Island, located just north of Galveston, was hit by a barge around 9:30 a.m., said Ronnie Varela, with the Galveston’s Office of Emergency Management. Varela did not have ...