Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: BWAC who wrote (398)	7/13/2001 4:45:29 PM
From: Master (Hijacked)	Read Replies (2) of 494

SUPRISE, SURPRISE....No sign of Inflation! ================================ Producer prices fall 0.4% Tame inflation gives Fed room to maneuver By Rex Nutting, CBS.MarketWatch.com Last Update: 11:41 AM ET July 13, 2001 " WASHINGTON (CBS.MW) -- Plunging energy prices drove the producer price index down 0.4 percent in June, the largest decline in 28 months, the Labor Department said Friday. Excluding food and energy costs, prices at the wholesale level rose 0.1 percent. Economists were looking for a decline of 0.1 percent in the PPI and a rise of 0.1 percent in the core rate. See Economic Calendar. Producer prices have risen 2.5 percent in the past 12 months. Prices rose at a 2.4 percent in the first half of the year. Last year, the PPI rose 3.6 percent. See the release. Prices of goods ready for further processing fell 0.1 percent in June, while crude or unprocessed goods prices fell 6 percent.........."

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