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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject9/15/2000 8:29:40 AM
From: manfmnantucket   of 100058
 
Wholesale inflation drops in August

WASHINGTON — Wholesale prices fell for the first time in four months and Americans spent more cautiously in August, increasing the odds that the Federal Reserve won't raise interest rates for the rest of the year. Thursday's reports show the Fed's 15-month string of interest-rate increases are keeping the record-breaking economy on an even keel by slowing the economy from its earlier rapid pace and holding inflation in check, economists said. ''The economy is putting in a truly Olympic-quality performance,'' said economist Ken Mayland of ClearView Economics. ''Add the relatively soft retail sales numbers to the non-inflationary PPI data and you have a prescription for the Fed on hold for the rest of this year,'' said economist Joel Naroff of Naroff Economic Advisors.
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