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Economic Outlook

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WASHINGTON (AP) — America's job market delivered a burst of strength in February. It lifted hopes that the rollout of viral vaccines, the distribution of federal aid and the increasing willingness and ability of consumers to go out and spend will invigorate the economy as the weather warms up.

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.

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WASHINGTON (AP) — The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.

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BRUSSELS (AP) — The European Union is set to extend for around two more years the economic safety net it put in place to help save businesses and jobs from the impact of restrictions imposed to halt the spread of the coronavirus.

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MINNEAPOLIS (AP) — Minnesota's budget outlook has swung from a near $1.3 billion deficit to an almost $1.6 billion surplus, state economists announced Friday, an improvement that could ease the big debates for the rest of the legislative session over taxes and spending.

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

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BRUSSELS (AP) — Despite deep uncertainty over a surge in coronavirus cases and the impact of new variants of the disease, senior European Commission officials on Thursday expressed cautious optimism that European economies will rebound later this year and in 2022.

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TOKYO (AP) — Asian shares mostly rose Monday, echoing the rally on Wall Street last week, with Japan's benchmark momentarily reaching three-decade highs on growing optimism over the global economy.

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