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Why surging clothing prices won’t drive US inflation for long

Bloomberg A surge in US apparel costs helped fuel above-forecast inflation for January, sending Treasury yields higher. But the era of markdowns for struggling retailers is far from over. Clothing prices, which account for 3 percent of the consumer price index, jumped 1.7 percent in the biggest monthly gain since 1990, Labor Department data showed. That helped the so-called core ...

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Trump criticises everyone but Russia for election meddling

Bloomberg President Donald Trump spent much of his weekend hammering the FBI, Democrats, Robert Mue-ller’s investigation and his own national security adviser over Russia’s efforts to sway the 2016 election that he won. Excepted from the criticism — Russia. Trump’s 14 Twitter messages about the Russia investigation within 24 hours focussed on defending the validity of his victory and insisting ...

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Mexico runner-up in polls says ‘won’t be Trump’s doormat’

Bloomberg The candidate polling second in Mexico’s presidential campaign says he wouldn’t allow US President Donald Trump to treat his country like a “doormat,” in another sign that relations with the country’s northern neighbour will weigh in the election. Speaking at a campaign event in Mexico City, Ricardo Anaya said he wouldn’t pay for the border wall Trump wants and ...

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