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To: puzzlecraft who wrote (45903)10/23/1999 1:05:00 PM
From: T L Comiskey  Respond to of 152472
 
Gleaned from the dell thread..............WARNING FOR NEXT FRIDAY'S OPEN. GREENSPAN SPEAKS THUR. NIGHT.
Thursday by a key report on third-quarter labor costs and, yes, Alan Greenspan (again).

The labor costs report in question, the employment cost index, not only measures wage and salary costs, but also assesses the growth in employer
benefit expenses. Since labor comprises two-thirds of the cost of producing goods, the ECI is scrutinized carefully by the Federal Reserve and Wall
Street for clues as to increases in retail price inflation.

As for the Federal Reserve chairman, he'll speak in Boca Raton, Fla., Thursday evening at the semi-annual meeting of the Business Council