Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (84447)	2/24/2000 1:35:00 PM
From: Adelle	Read Replies (1) of 120523

Sorry if this is old news: Federal Reserve puts focus on new U.S. prices gauge Reuters Story - February 23, 2000 20:37 WASHINGTON, Feb 23 (Reuters) - Heightened Federal Reserve attention to a little-known prices gauge is making the statistic into a new star as the U.S. central bank ends its 20-year allegiance to the Consumer Price Index as a gauge of inflation expectations. In its semi-annual report to Congress, called the Humphrey-Hawkins report, the Fed said that henceforth it would use the Commerce Department's personal consumption expenditures (PCE) index in place of the more familiar CPI compiled by the Labor Department when it makes inflation forecasts. Based on last year's experience, it indicates even more muted inflation than previously thought. marketwatch.newsalert.com (full story here)

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