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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (7069)	11/17/2004 9:14:50 AM
From: Smiling Bob	Respond to of 19256

Now that things are settled for the next 4 years, watch sharp inflation begin to unveil itself, except the grossly leveraged home sector. House sale signs more frequently topped with "REDUCED." US has been accumulating heavy debt since 9/11. Fed should do a half point next month, but they may be leary of dampening holiday sales. story.news.yahoo.com Consumer Prices: Biggest Jump Since May 30 minutes ago Business - Reuters WASHINGTON (Reuters) - Surging energy costs drove U.S. consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday. Related Quotes DJIA NASDAQ S&P 500 10487.65 2078.62 1175.43 0.00 0.00 0.00 delayed 20 mins - disclaimer Data provided by Reuters The Labor Department (news - web sites) said a 4.2 percent rise in energy prices in October accounted for over half of the overall rise in the consumer price index, the most widely used gauge of U.S. inflation. Economists on Wall Street had expected energy prices to soar, but thought the CPI would advance just 0.4 percent. Excluding volatile food and energy prices, the CPI rose a moderate 0.2 percent, a slowdown from a 0.3 percent September advance but a touch higher than the 0.1 percent gain expected on Wall Street. The report was likely to keep alive inflation concerns ignited by news on Tuesday that prices received by producers in October posted their largest rise since January 1990. Economists said the producer price report buttressed the case for continued interest-rate rises from the Federal Reserve (news - web sites), which bumped up overnight borrowing costs by a quarter-percentage point to 2 percent last week. The report on consumer prices showed gasoline costs shot up 8.6 percent and fuel oil prices up 9.4 percent, the biggest increase for both since February 2003. Natural gas prices rose 0.6 percent, but electricity costs fell 1.6 percent. Food prices also posted a steep rise last month, gaining 0.6 percent. Analysts had said a big jump in food costs at the producer level in October reflected the impact of recent hurricanes in the Southeast. The cost of lodging, such as hotel rooms and college dorms, and prices for used cars - two categories that helped fuel an acceleration in core inflation in September - rose at a more moderate pace last month. But the cost of new cars rose 0.4 percent last month after a 0.2 percent September drop and apparel prices gained 0.2 percent after an unchanged reading, a combination that partially offset the lodging and used car impact.