What We Make of the Key Reports Last Week:

Benign inflation data, improving jobless claims and the Fed dominated the economic landscape last week. The February readings on both the Producer Price Index (PPI) and Consumer Price Index (CPI), should allow the Fed to keep rates lower for longer.

The overall PPI fell by 0.6% between January and February, putting the year-over-year change at 4.4%. As recently as July 2009, the PPI posted……

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