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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (9779)11/10/1999 4:24:00 PM
From: Wally Mastroly  Read Replies (1) of 15132
 
PPI (+ weekly unemployment data)- according to Bloomberg:


bloomberg.com

For the wall of worry<G>, a couple of negative excerpts:

' ...unemploynment...statistics could add to Fed concerns that a shrinking pool of available labor puts pressure on companies to boost wages to attract and retain workers...

-

and on the PPI:

"..The Fed tends to focus on the core rate rather than the overall index because often-volatile food and energy prices aren't as clear an indicator of trends in inflation.

''The question the Fed has to ask is whether these increases are symptomatic of a wider emerging problem,'' said Ian Shepherdson, chief U.S. economist at High Frequency Economics in Valhalla, New York.

''This report muddies the waters.'' ..."
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