The U.S. Patent and Trademark Office said the president's budget request for fiscal year 2009 represents a $159 million increase, 8 percent more than the patent office's fiscal year 2008 budget of $1.916 billion.
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Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid.
