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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (87082)	9/30/2007 3:48:38 PM
From: Giordano Bruno	Read Replies (2) \| Respond to of 110194

Inflation Gauge Softens To Lowest Point in 3 Years By JEFF BATER September 29, 2007 A key measure of inflation softened in August to its lowest point in more than three years, the latest evidence that price increases remain moderate. The price index for personal-consumption expenditures rose 1.8% in August from a year earlier, after increasing 2.1% in July, the Commerce Department said. The PCE index excluding food and energy -- the Federal Reserve's preferred inflation gauge -- rose 1.8% from a year earlier, after increasing 1.9% in July. The August increase was the smallest since February 2004 and put it in the 1%-to-2% comfort zone of some Fed officials. Personal income rose at a seasonally adjusted rate of 0.3% in August from a month earlier, compared with July's gain of 0.5%. Spending surged 0.6%, following July's 0.4% increase. In a separate report, the department said construction spending in August rose by an annual 0.2%, as nonresidential activity continued to offset the deepening housing downturn. Private-sector construction was flat, while government outlays surged. Construction spending in July rose at a 0.5% pace. According to WSJ things are just peachy.