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Fed worried about further weakness 1:50 Report

Aug 26 - The Federal Reserve showed greater concern about further economic weakness rather than inflation at a meeting earlier this month.

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Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

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