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To: NickSE who wrote (44860)	6/3/1999 12:24:00 PM
From: NickSE	Respond to of 86076

US NAPM'S KAUFFMAN: BOTH NON-MFG, MFG POINT TO RISING PRICES economeister.com NEW YORK (MktNews) - Purchasers in both the U.S. non-manufacturing and manufacturing sectors say their biggest concern is rising prices, reflected in the May prices paid index of each survey, according to Ralph Kauffman, head of the National Association of Purchasing Management non-manufacturing survey committee. ----------------------------------------------------------------------------------------------------------------------------- TALK FROM TRENCHES: JOB REACT IN DOUBT, BUT PRICE DATA LOOMS economeister.com ...Sources note the market is tired and awaiting the May CPI on June 16 to see whether or not if inflation is on the move. But it is not clear the market will react either way Friday to payrolls alone, since the Fed in the past has ignored strong growth if inflation remains tame. It is safer to await Greenspan's JEC testimony on June 17, to see if the react was right, the story goes...