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To: Wally Mastroly who wrote (12483)3/15/2000 10:25:00 AM
From: Wally Mastroly  Respond to of 15132
 
Industrial Production Rose Less-Than-Expected -- more data for FOMC to ponder....

bloomberg.com

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Mixed excerpts:

"..U.S. industrial production rose less than expected in February, suggesting interest-rate increases by the Federal Reserve may be starting to have an effect on the economy..."


"..Sluggish growth in manufacturing output ``could be the first sign of a slowing in exports' after several months of improved international demand.."

"..Earlier reports today showed signs of accelerating inflation for imported goods and a rise in business inventories. U.S. import prices in February rose 1.9 percent -- the largest gain in nine years -- as the cost of petroleum soared 13.9 percent, the Labor Department reported. Excluding oil, prices rose 0.3 percent..."