U.S. EconomyAP - The dollar climbed Friday following a government report that gave investors hope of an improving job market.
U.S. Economy
Fed says commercial loans not threat to big banks (AP)
AP - The Federal Reserve doesn't see losses from failed commercial real estate loans as a threat to big financial institutions, although weakness in the commercial market will continue to dampen economic growth, an official said Friday.
Fed's John Williams: recovery has achieved "liftoff" (Reuters)
Reuters - The pace of economic recovery has reached "escape velocity" from the worst recession in decades, though the nation may not return to full employment until 2014, a top Federal Reserve researcher said on Friday.
Pump prices likely to rise with Egypt unrest (AP)
AP - Oil prices fell after the government reported a sharp drop in the January unemployment rate, which helped the dollar strengthen against other currencies. Commodities like oil are priced in dollars, so a stronger dollar makes oil less attractive to buyers with foreign currency.
Pump prices likely to rise with Egypt unrest (AP)
AP - Retail gasoline prices are likely to creep higher as anti-government protests continue in Egypt and concerns remain about the stability of the Middle East.
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