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To: Softechie who wrote (3825)	12/7/2002 12:26:39 PM
From: lurqer	Respond to of 29608

From ECRI US Future Inflation Gauge Dips 12/06/2002 NEW YORK, Dec 6 (Reuters) - U.S. inflation eased a little in November but is likely to edge higher as the economy recovers, a report showed on Friday. The Economic Cycle Research Institute's Future Inflation Gauge dipped to 114.5 last month from an upwardly revised 115.0 in October, the research group said, as the country's labor market weakened and industrial goods prices slipped. "Assuming the economy continues to grow, U.S. inflation is likely to remain in a cyclical uptrend," ECRI said in a statement. The index's annualized growth rate, which smooths out monthly fluctuations, fell to 20.5 percent in November from 24.7 percent in October. and Weekly Leading Index Rises 12/06/2002 NEW YORK, Dec 6 (Reuters) - The economy turned a corner in November as the stock market recovered and consumers' outlook brightened, a report showed on Friday. The Economic Cycle Research Institute said its weekly barometer of the nation's economic health rose to 120.8 in the week ended Nov. 29 from 119.4 in the prior week, as stocks ticked higher and Americans filed fewer claims for first-time unemployment benefits. "This clearly suggest that the U.S. economy has turned a corner away from future weakness, and that occurred in November," said Lakshman Achuthan, ECRI managing director. The index's growth rate, which smooths out weekly fluctuations, also rose, to -1.8 percent from -2.8 percent. The Weekly Leading Index is composed of a balance of seven major economic indicators. ECRI designs short- and long-term indexes aimed at predicting business cycles, recessions and recoveries in the world's leading economies.