Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 256.74

-1.7%

1:14 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (55811)	11/18/2001 4:21:17 PM
From: StanX Long	Read Replies (1) of 70976

Another rate cut is not actually good news. ;0( Low Inflation Gives Fed Green Light to Cut Rates Again Saturday, November 17, 2001 foxnews.com A decline in consumer prices in October suggests inflation is dormant in the weak economy and gives the Federal Reserve a green light to cut interest rates yet again at its next meeting on Dec. 11. Lower prices, one of the few benefits a weakening economy can provide, will also prove beneficial for consumers gearing up for the holiday shopping season. Consumer prices fell by 0.3 percent in October as energy costs posted their biggest decline in more than 15 years, the Labor Department said Friday. The latest reading of the Consumer Price Index, a key inflation measure, marked the best showing in three months and came after prices jumped by 0.4 percent in September, the Labor Department reported Friday. Excluding energy and food prices, which can jump around a lot from month to month, the "core" rate of inflation rose by 0.2 percent in October, the fourth monthly increase of that size. The data were fairly close to estimates from Wall Street economists who on average figured the overall CPI fell 0.2 in October while the core inched up 0.1 percent.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next