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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (13881)5/14/2004 8:37:47 AM
From: mishedlo  Read Replies (4) of 110194
 
U.S. April CPI up 0.2%, core up 0.3% By Rex Nutting
WASHINGTON (CBS.MW) - With energy prices nearly flat, U.S. consumer prices rose a seasonally adjusted 0.2 percent in April, the Labor Department reported Friday. It's the smallest gain of the year. The core rate of the consumer price index, which strips out food and energy costs, rose 0.3 percent. The figures were largely in line with expectations on Wall Street. Consumer prices have risen 2.3 percent in the past year, with core inflation up 1.8 percent. The relatively tame report is likely to reassure Fed officials, who have been trying to reflate the economy slightly without letting inflationary expectations soar. Most analysts expect the Federal Open Market Committee to raise its overnight target interest rate in June from a four-decade low of 1 percent.
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