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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (30911)	2/17/2000 8:54:00 AM
From: Kelvin Taylor	Read Replies (1) of 43080

U.S. Producer Price Index Unchanged in January; Core Rate Falls 0.2%Expected Market Reaction Substantial. The report of no change in the producer price index for January -- along with a 0.2 percent decline in the index excluding food and energy -- could push down yields on U.S. Treasury securities because it suggests inflation remains tame. Investors were also were awaiting testimony today from Federal Reserve Chairman Alan Greenspan for signs of where inflation might be headed and how the Fed might react. Analysts expected gains of 0.2 percent in the January PPI and 0.1 percent in the core rate. bloomberg.com

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