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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Iris Shih who wrote (2223)11/7/1997 9:26:00 AM
From: Bosco   of 37387
 
Iris & all - Uncle Al comes to the rescue :o)

biz.yahoo.com

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Friday November 7 8:50 AM EST

U.S. CPI overestimates actual inflation--Greenspan

WASHINGTON, Nov 7 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Friday central bank research
suggested that the U.S. consumer price index (CPI) overstates the nation's actual inflation rate by about one percentage
point.

The U.S. central bank chief warned that measuring prices properly had become a crucial challenge now that major
industrial nations were ''moving toward price deflation.''

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rgds Bosco
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