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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bernanke: We See 'Tentative' Signs of Recovery

9:14 A.M.: Bernanke plans to say later this morning that he is seeing signs of economic improvement.

"Recently we have seen tentative signs that the sharp decline in economic activity may be slowing," Bernanke plans to say, according to remarks prepared for students and faculty at Morehouse College in Atlanta.

You can read Bernanke's entire speech here.

Bernanke's remarks cite improvements in recent data on home and auto sales, home building and consumer spending.

Arguing against Bernanke's remarks, however, are two pieces of data out this morning: Consumer spending dropped unexpectedly in March, according to the Commerce Department, and wholesale prices drop more than forecast last month.

-- Frank Ahrens
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By Frank Ahrens  |  April 14, 2009; 3:50 PM ET
Categories:  The Ticker  | Tags: Ben Bernanke, Wholesale prices, retail  
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