Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the outlook for the economy remains “unusually uncertain” as the US gauge of future economic activity dropped in June, the second decline in past 3 months, suggesting the economic recovery is weakening.
With last week’s welcomed news of robust jobs growth, and yesterday’s announcement that consumer prices fell in April for the first time in 13 months as energy prices tumbled and high unemployment limited the private sector’s ability to raise prices.
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