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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: kathyh who wrote (65862)	10/15/1999 8:59:00 AM
From: stan s.	Read Replies (1) \| Respond to of 90042

INSTANT VIEW - September PPI jumps 1.1 percent NEW YORK, Oct 15 (Reuters) - Following are comments from economists and market experts after the U.S. Labor Department announced that the Producer Price Index (PPI) jumped 1.1 percent in September after gaining 0.5 percent in August. Core PPI, which excludes food and energy prices, gained 0.8 percent in September after a 0.1 percent drop in August. Economists polled by Reuters had predicted, on average, that overall PPI would increase 0.5 percent while core PPI would rise 0.4 percent. MALCOLM ROBERTS, CROSSBORDER CAPITAL, LONDON: ''The risks are on the upside, but I don't think anyone expected quite so much upside. This is a very bad report.'' Roberts was speaking on Reuters Television. PHIL HILL, ECONOMIST, BRIEFING.COM: ''The most important number is the core ex-tobacco, which actually came in pretty reasonably. It doesn't really change anything as far we're concerned. If you strip out food and energy and you strip out tobacco you get a pretty sedate number. The headline number is just adding more fuel to the fire as far as the market is concerned. The federal funds rate is now pricing in a 77 percent chance of a tightening. The bond market is gearing up for a tightening and the stock market is looking for a reason to sell off.'