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10 Things You Need To Know This Morning

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Good morning. Here's what you need to know.

  • Asian markets were mostly lower in overnight trading with the BSE down 1.19 percent after India unveiled its budget for 2012/2013. Europe is modestly higher and U.S. futures are flat.
  • Richmond Fed Reserve president Jeffery Lacker said he disagreed with the central bank's decision this week to hold interest rates near zero until 2014. He said rate hikes are needed in 2013. Lacker said rates need to rise to keep inflation in check.
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