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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (18357)5/12/1998 3:16:00 PM
From: Lee  Read Replies (1) of 50167
 
Good Afternoon Ike,..Re:<<or a very good PPI/CPI number, whichever happens first.>>

PPI - Consensus estimates are for PPI to come in +0.1% and core = unch. according to Briefing.com

A few notes from the May 1 NAPM and May 6 Beige Book and May 12 Atlanta Fed show that there isn't much pressure in the 'prices paid' component.

May 1 NAPM - NAPM's Price Index indicates prices paid by manufacturers are still declining. Exports failed to grow in April while Imports grew at a faster rate than recorded in March.

May 6 Beige Book - Information obtained by most Districts suggests that goods prices at most stages of production are nearly steady.
While the prices of most goods are nearly steady, growing construction activity has resulted in some price increases for construction materials, especially lumber.


May 12 Atlanta Fed - Both current price indexes turned negative again, and supplier delivery time fell somewhat. Indicators of future activity dropped in April.
The current prices paid index also fell to minus 1.1 in April after climbing to 4.4 the previous month. The prices paid series has been low over the past three months after reaching its first-ever negative value in February. This series began January 1992.


Just a preview of what we might be looking for.

Regards,

Lee

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