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To: nicewatch who wrote (25352)6/16/1999 8:46:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
CPI Flat

Globex trading is up +12-15 points this morning

Going to be a big gap if it holds....
Looks like it's setting up to be a powerful day

WASHINGTON, June 16 (Reuters) - U.S. consumer prices were unchanged in May after a huge gain the month before, the Labour Department said on Wednesday, possibly taking some pressure off the Federal Reserve to boost interest rates.

The Consumer Price Index, the government's main inflation gauge, was flat for the first time since March 1998. It had jumped 0.7 percent in April -- its biggest increase in more than eight years.

08:35 06-16-99