PPI Jumps 1.7%; Core Rate Gains 0.3%

Newman, Emily
November 2004
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p2
Trade Publication
The article presents news related to U.S. market indexes. The overall producer price index soared 1.7% in October 2004 according to the data released by the Labor Department. The core rate, which excludes foods and energy, rose 03% following an unrevised 0.3% gain in September 2004. Monetary policy is still accommodative and interest rates will continue to rise as the economy strengthens and employment gains. Standard & Poor's Corp. lowered its long term rating to BBB-plus from Aminus on $40 million of Series 2002A revenue bonds issued by Mahoning County, Ohio, on behalf of Forum Health.


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