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Money Morning’s William Patalon III says contradictory economic reports continue to create volatility in the market. Last week’s data releases suggested there was room for some optimism about an economic recovery, while the recent fall in commodity prices should take some of the pressure off inflation. But William says ongoing uncertainty makes it almost impossible for investors to form expectations for future market trends…

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The Boeing Co. (BA) doesn’t believe it can win the controversial competition for a $35 billion U.S Air Force tanker contract without a six-month extension, and now has threatened to pull out of the competition altogether.

The Chicago-based Boeing said it wants the extension to incorporate what the aerospace giant contends are essentially new requirements calling for a bigger tanker with a larger fuel-carrying capacity. The Pentagon has told the bidders it will grant two months for the bidders to assemble and submit their new proposals, a Boeing official told the Atlanta Business Chronicle.

Money Morning’s William Patalon III says comments by Ben Bernanke at the end of the week show he continues to prioritise economic growth over inflation. This means no rate hikes in the near future. But despite falling commodity prices, William says the threat of stagflation is growing…