Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Gopher Broke who wrote (115142)	6/9/2000 1:43:00 PM
From: tejek	Read Replies (1) of 1572536

Not so sure about it being good news. The core rate us up .2% against a predicted .1%. This was offset by a dip in the headline rate this month, but that doesn't mean inflation is in check. Could have been worse, but it looks neutral at best to me. Gopher, I was not too concerned about the core rate even though it came in higher than expected; .2% is still low...only 2.4% a year. Overall May's small increase of the PPI coupled with April's decrease bodes well for the economy, I think. The rally today is faltering mainly because I think the DOW was overbought going into today. I think that the status of the PPI and the other 'soft' indicators that have come out recently will make it more difficult for the feds to justify many more increases. Plus Europe has started raising rates as well. It will be interesting to see how next week's economic data looks. ted

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