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Fund flows show investors favoring bonds over stocks

Weekly flows into global mutual funds indicate that investors are maintaining a bullish bias for bonds and gold, while still scouring stocks—seen by some as pricey—for bargain opportunities, according to Bank of America Merrill Lynch research. Over the past week, investors poured $6.6 billion into bonds funds and $3.7 billion into stocks. Gold funds attracted

Fed sees pickup in economic growth, but inflation remains muted

WASHINGTON (Reuters) – The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the latest survey conducted by the Federal Reserve showed on Wednesday. “Prices rose modestly overall across the country,” the central bank said in its Beige Book report of the