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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (21284)	6/25/2004 3:46:47 PM
From: sea_urchin	Respond to of 81108

> I would think for most US companies a weak USD is disadvantageous, particularly since the US imports more than it exports. It's also very inflationary reuters.com >> The U.S. economy grew much more slowly than previously thought in the first quarter while inflation was higher, a government report showed on Friday. The surprise downward revision to gross domestic product -- which measures total output within the nation's borders -- cut growth to a 3.9 percent annual rate in the first three months of 2004 from the 4.4 percent reported a month ago and below the 4.1 percent pace in the final quarter of last year. The government also ratcheted up a key gauge of inflation, confirming an acceleration in price rises that has fueled expectations the Federal Reserve will begin raising interest rates from 1958 lows next week to head off inflation. The core price index for consumer spending -- a favorite of Fed Chairman Alan Greenspan that cuts out volatile food and energy prices -- gained at an annual rate of 2.0 percent in the quarter, a bump up from the 1.7 percent reported a month ago.<< Seems like there's not much left he can leave out of the Index. So, it's only reasonable to expect that he'll start a new index quite soon, one that only goes downwards.