US producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve to keep interest rates steady next Wednesday.
But the calm painted by the reports from the US Labor Department on Thursday could be upended by radical government spending cuts, which have pushed thousands of federal employees and contractors out of work; and an escalating trade war stemming from broad import tariffs.
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