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Cisco's (CSCO Quote) at the disco and Ben Bernanke's feeling groovy. But this isn't a 1970s flashback.
Between Cisco's earnings and the latest data to fall in line with the Fed's paradigm shift about core inflation moderating, the market's mood lifted Wednesday.
It turns out that despite last summer's record-high oil prices, there is no repeat of the 1970s inflation fiasco, a notion that Wednesday's data on unit labor costs helped confirm. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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