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US Still Waiting for First Shoots of Growth
Even though much of the US East has been enjoying balmy weather for at least a couple of weeks now, the economic data is still shuddering with a winter chill. Nearly all the pieces of the first quarter economic picture are in place, yet the spring rebound in economic data policymakers and investors are hoping for has still not materialized. (The earliest Q1 GDP report is scheduled for April 29.) The pressure on the US currency resulting from a worsening macro-economic picture culminated last week as the so-called dollar index, a measure of its performance against six major currencies, saw its longest losing streak in ... (full story)