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To: Enigma who wrote (49199)	2/17/2000 8:48:00 AM
From: paul ross	Respond to of 116759

NEW YORK, Feb 17 (Reuters) - Inflation at the wholesale level in January was unchanged, a reading below market expectations that soothed inflation angst and set the stage for a strong stock-marke rally on Thursday. The U.S. producer price index for last month was unchanged against a market expectation of a 0. percent rise. The so-called core rate without the volatile food and energy components declined 0.2 percent versus an expected rise of 0.1 percent. The following are market strategists commentary o the data: PETER CARDILLO, DIRECTOR OF RESEARCH, WESTFALI INVESTMENTS --''This is a suprise. PPI is unchanged. Obviously, this is a surprise. I expect we'll get a higher opening then somewhat of a pull-back before Mr. Greenspan.'' --''These are good numbers. This indicates that Mr. Greenspan is ahead of the curve and wants to stay ahead of the curve. He's not concerned with present inflation but what could happen down the road.'' biz.yahoo.com