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Will Rising Energy Prices Derail the Recovery?

Financial market participants face a barrage of key policy events and economic data this week as they try to assess the impact of rising consumer energy prices on the global economic recovery.On the policy side, Federal Reserve (Fed) Chairman Bernanke will deliver key testimony on the economy and monetary policy, the Fed will release its Beige Book (a qualitative assessment of economic conditions in the United States), and central banks in Canada, Brazil, Australia, India, Indonesia and the European Central Bank (ECB) all meet to set policy this week.

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