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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (8243)11/2/2007 4:55:22 PM
From: Jon Koplik  Read Replies (2) of 33421
 
"So much inflation" that : inflation gauge moved to negative 5.6% now ....................................

U.S. inflation pressures tick down in October - ECRI

Fri Nov 2, 2007 9:40am EDT

NEW YORK, Nov 2 (Reuters) - U.S. inflation pressures were
lower in October due mostly to disinflationary moves in
measures of jobs and vendor performance, a report said on
Friday.

The Economic Cycle Research Institute's U.S. Future
Inflation Gauge (USFIG), designed to anticipate cyclical swings
in the rate of inflation, fell to 116.5 in October from 117.1
in September, downwardly revised from 117.4.

"With the USFIG falling for two years, underlying inflation
pressures remain restrained," said Melinda Hubman, research
associate at ECRI.

The index's downtick was partly offset by an inflationary
move in a measure of loans. the report said.

The inflation gauge's annualized growth rate, which smooths
out monthly fluctuations, fell to minus 5.6 percent from minus
5.2 in August, revised down from negative 4.9.


© Reuters 2006. All rights reserved
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