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B4 the Bell, Ilovebushday, Aug 17, 2004


Guest yobob1

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didn't an echo-gnomic figure just come out at 8:30?

 

anybody got it?

 

EDIT:

 

July Consumer Prices Drop, Energy Tumbles

http://news.moneycentral.msn.com/breaking/...0817&ID=3917543

CONSUMER PRICE INDEX: JULY 2004

 

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2 percent in July, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The July level of 189.4 (1982-84=100) was 3.0 percent higher than in July 2003.

 

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) also decreased 0.2 percent in July, prior to seasonal adjustment. The July level of 184.9 was 3.0 percent higher than in July 2003.

 

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) decreased 0.1 percent in July on a not seasonally adjusted basis. The July level of 110.3 (December 1999=100) was 2.4 percent higher than in July 2003. Please note that the indexes for the post-2002 period are subject to revision.

 

<_<

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8:30am 08/17/04 U.S. JULY CPI DOWN 0.1% VS UP 0.1% EXPECTED

8:30am 08/17/04 U.S. JULY CORE CPI UP 0.1%, VS. 0.2% EXPECTED

8:31am 08/17/04 U.S. CPI UP 3.0% IN PAST YEAR, CORE UP 1.8%

8:31am 08/17/04 JULY DROP IS FIRST DECLINE IN U.S. CPI SINCE NOV. 2003

8:30am 08/17/04 U.S. JULY HOUSING STARTS UP 8.4% TO 1.978M SAAR

8:30am 08/17/04 U.S. JULY SINGLE-FAMILY STARTS UP 8.5% TO 1.651M

8:30am 08/17/04 U.S. JULY HOUSING STARTS EXCEED CONSENSUS OF 1.88M

8:30am 08/17/04 U.S. JULY NORTHEAST HOUSING STARTS AT 14-YEAR HIGH

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8:30am 08/17/04 U.S. JULY CPI DOWN 0.1% VS UP 0.1% EXPECTED

8:30am 08/17/04 U.S. JULY CORE CPI UP 0.1%, VS. 0.2% EXPECTED

8:31am 08/17/04 U.S. CPI UP 3.0% IN PAST YEAR, CORE UP 1.8%

8:31am 08/17/04 JULY DROP IS FIRST DECLINE IN U.S. CPI SINCE NOV. 2003

8:30am 08/17/04 U.S. JULY HOUSING STARTS UP 8.4% TO 1.978M SAAR

8:30am 08/17/04 U.S. JULY SINGLE-FAMILY STARTS UP 8.5% TO 1.651M

8:30am 08/17/04 U.S. JULY HOUSING STARTS EXCEED CONSENSUS OF 1.88M

8:30am 08/17/04 U.S. JULY NORTHEAST HOUSING STARTS AT 14-YEAR HIGH

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Guest yobob1

Seemingly not, at least from what the Fed says. "The economy nevertheless appears poised to resume a stronger pace of expansion going forward." This third strand of the statement is no more than an expression of faith, but it's been thrown into the mix partly to justify the Fed's overall desire to get short-term interest rates back to something approaching "neutrality". But if energy prices have been so important in explaining the recent softness of activity, why should it be that the economy will expand more strongly? After all, oil prices have risen further since June and July, so if oil prices are to blame, it seems more likely that the data for August and September will be weaker than we have seen over the past two months.

 

Fed Logic - an oxymoron not to be confused with a Bushymoron

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Guest yobob1

WASHINGTON (CBS.MW) -- Output of the nation's factories, mines and utilities rose in July, but June's losses were revised downward, offsetting any gains to the level of production, the Federal Reserve said Tuesday. The Federal Reserve indicated it expected to revise this month's preliminary increase to a decrease next month so they can show an increase in next month's preliminary figures. "It's the headlines that matter. Revisions are old news and nobody cares about them. It's our job to maintain the illusion at all costs."

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WASHINGTON (CBS.MW) -- Output of the nation's factories, mines and utilities rose in July, but June's losses were revised downward, offsetting any gains to the level of production, the Federal Reserve said Tuesday. The Federal Reserve indicated it expected to revise this month's preliminary increase to a decrease next month so they can show an increase in next month's preliminary figures. "It's the headlines that matter. Revisions are old news and nobody cares about them. It's our job to maintain the illusion at all costs."

:lol: :lol: :lol: :unsure:

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