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To: Lee who wrote (84839)	12/11/1998 9:00:00 AM
From: Mohan Marette	Respond to of 176387

PPI & Retail Sales.How'bout that Oil,$9.00 ? 'morning Lee: No fooling,I like it. Friday December 11, 8:41 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) INSTANT VIEW - Producer Prices, Retail Sales NEW YORK, Dec 11 (Reuters) - November producer prices were in line with expectations while retail sales were stronger than expected. Stocks were expected to get a boost. PIERRE ELLIS, SENIOR ECONOMIST, AT PRIMARK DECISION CORP. ''This is a strong consumer spending number which looks quite firm. I would suspect its going to promote some rebound in the stock market.'' "The consumer spending trend looks stronger heading into the fourth quarter. It rules out the chances of a Fed easing. It shows the consumer is willing to buy almost everything in fairly good quantity. ''With producer prices, there's nothing to indicate the worsening of inflation.'' (Note: this article is ''in progress''; there will likely be an update soon.) --------------------------------------------------------------------------------