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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (39984)	6/15/2000 2:36:00 PM
From: Crimson Ghost	Respond to of 42523

Bank Credit Analyst sees more inflation ahead The U.S. small business sector?s survey has provided a good warning in the past 6 to 12 months that pricing pressures were set to bubble over into higher inflation. Indeed, core CPI has crept up this year (see yesterday?s Insight) and the May report showed that this trend should persist. The pressure to lift selling prices is intensifying, because of rising labor and energy costs. The reported price changes series shows that businesses have been increasingly successful in lifting selling prices, underscoring that core CPI should continue to move up. The recent celebration in the markets that the Fed is finished tightening for an extended period is premature.