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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: MrGreenJeans who wrote (7247)7/29/1999 9:58:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Bond (& stock) markets sinking on ECI wage inflation concerns, despite slower GDP:

The U.S. economy expanded at a
much slower rate than anticipated in
the second quarter, but employment
costs -- a key inflationary measure said
to be one of Fed chief Alan
Greenspan's favorite economic gauges
-- rose at the highest rate in eight
years, according to two economic
reports Thursday.


bloomberg.com