August 31, 2007

PLENTY OF ROOM TO CUT:

Core inflation gauge up 0.1 percent (David Lawder, 8/31/07, Reuters)

Core U.S. consumer prices rose by a less-than-expected 0.1 percent in July, showing stable prices that held the year-on-year rate of nonfood, nonenergy inflation to 1.9 percent for the second month in a row, the Commerce Department said on Friday.

"It doesn't seem like pricing pressures are moving out of control," said George Davis, chief technical strategist at RBC Capital Markets in Toronto.


What pressures?

Posted by Orrin Judd at August 31, 2007 11:38 AM
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