US DATA: Initial jobless claims -16k to 385k in Mar. 12 survey wk,
right on expectations. Prev week revised to 401k from 397k. Seasonal
factors expected 5.4% drop in NSA claims, about -22k. Actual NSA claims
-9.1%, or -37,313, to 372,370. 4-wk moving avg -7k to 386,250. In survey
wk comparison, initial claims -28k vs Feb 12 wk. Cont. claims -80k to
3.706m in Mar. 5 wk.
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US DATA: February CPI +0.5%, core +0.2%. Energy prices +3.4%;
gasoline +4.7% while electricity +0.4%. Food prices +0.6%. Core prices
led by price gains for medical care (+0.4%), shelter (+0.1%), rent
(+0.1%), airfares (+2.1%) and new vehicles (+1.0%). On the downside,
apparel -0.9%. Year/year CPI stands at +2.1%, core CPI +1.1%. Unrounded
CPI +0.54645%, core +0.19857%.
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