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To: Wally Mastroly who wrote (11984)	2/17/2000 8:46:00 AM
From: Wally Mastroly	Respond to of 15132

PPI headlines/summary - PPI flat; + speculation on the Greenman for today; 8:33 a ET Wholesale prices were unchanged in January, the government said Thursday, below economists' forecasts for a 0.1 percent increase and December's 0.3 percent gain. 08:30 PPI YEAR-TO-DATE ANNUAL RATE UNCHANGED 08:30 CIVILIAN AIRCRAFT PRICES UP 1% IN JANUARY 08:30 WHOLESALE CAR PRICES RISE 0.1 PERCENT IN JANUARY 08:30 FINISHED WHOLESALE FOOD PRICES UP 0.1% IN JANUARY 08:30 FINISHED WHOLESALE ENERGY PRICES UP 0.7% IN JANUARY 08:30 CORE INTERMEDIATE GOODS PRICES UP 0.3% 08:30 EXCLUDING TOBACCO JAN. CORE PPI WOULD HAVE RISEN 0.1% 08:30 DECLINE IN CORE PPI DUE TO 4.9% PRICE DROP FOR CIGARETTES 08:30 JAN. PPI EX-FOOD AND ENERGY FELL 0.2% VERSUS EXPECTED 0.1% RISE 08:30 JAN. PPI UNCHANGED VERSUS EXPECTED 0.2% RISE - While waiting for the Greenman (starts at about 10 AM) - some speculation on what he will say: bloomberg.com

To: Wally Mastroly who wrote (11984)	2/17/2000 11:53:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Greenspan says worried about oil prices: WASHINGTON, Feb 17 (Reuters) - Federal Reserve Chairman Alan Greenspan, noting ''exceptionally low'' oil inventory levels around the world, said on Thursday he was worried about oil prices, which have risen steeply in the last year. ''Yes I am concerned about what is happening to oil prices,'' Greenspan told the House Banking Committee in his semi-annual Humphrey-Hawkins testimony about the U.S. economy. Greenspan said the low inventory levels, both of crude oil and of oil products, meant there was no buffer to protect prices if there was an external shock. ''The inventory levels worldwide -- the so-called commercial stocks ...available as a buffer to unexpected demands are exceptionally low,'' he said. ''Even though we are moving into a period when normal pressures begin to ease, we are starting from a very low base.'' Greenspan noted that the role of oil had been falling in the United States and in other major economies. But he added: ''The problem that I think we have is that even in its reduced status, it is a very important element within an industrial system and if the price changes fairly rapidly it has a major impact on the structure of our economy.'' Crude oil prices this week touched their highest levels in nine years, rocketing above $30 per barrel. Prices had eased back to $29.30 per barrel by Thursday morning.