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To: D. Swiss who wrote (109191)3/12/1999 8:44:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
<U.S>Economy> PPI falls----> Steady as she goes.

Drew:

Check this out,good news from the economic front,no inflation no nothing,no interest rate hike in the near future.
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U.S. wholesale prices show largest drop in a year

8.35 a.m. ET (1335 GMT) March 12, 1999

WASHINGTON — U.S. wholesale prices recorded their biggest drop in more than a year in February, the government said Friday, adding to evidence that inflation is absent despite a roaring economy.

The Produce Price Index, measuring prices received for goods produced by the nation's factories, farms and refineries, fell 0.4 percent last month following a 0.5 percent rise in January. February's decline was the steepest since a decrease of 0.6 percent in January 1998.