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Poles rush for cash as war spreads in Ukraine

  Bloomberg Polish residents queued to withdraw cash from banks amid concerns over the fallout from Russia’s invasion of neighboring Ukraine, triggering a statement from the central bank that the country has sufficient reserves despite some ATMs running out of zloty. “All bank orders are carried out without value limits, in the full nominal value, throughout the country,” the National ...

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US consumer spending tops forecasts even as inflation jumps

Bloomberg US inflation-adjusted consumer spending advanced by more than expected in January, highlighting the resilience of American demand despite a surge in Covid-19 cases and prices rising by triple the Federal Reserve’s target. Purchases of goods and services, adjusted for changes in prices, increased 1.5% from December, the most in 10 months, according to Commerce Department figures Friday. The personal ...

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Ukraine row: US stock futures pare losses, oil prices steady

  Bloomberg US equity futures dropped as the Ukraine conflict and Western sanctions on Russia muddied the outlook for markets and the global economic recovery. Crude prices steadied after briefly halting a rally. Contacts on the S&P 500 were down about 0.3% after paring earlier declines of more than 1%. Oil fluctuated, with benchmark West Texas Intermediate flipping to a ...

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