Mild Inflation Data Lifts Markets
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Steve Verdon | Tuesday, August 15, 2006 |
The Producer Price Index report for July indicated mild inflation which bolstered investors and that the Feds pause in rate hikes is the right call. Most analysts expected the PPI to come in at around 0.3% and is also down significantly from the June PPI of 0.5%.
About the Author: Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research.
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