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Hot And Cold
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Hot And Cold
Aug. 21 - While economic data remains cold, inflation for July was hotter than hoped. Both headline and core prices were much stronger than expected, and a concern. However, with commodity prices on the retreat in August, the report is unlikely to spook the Fed into raising rates. S&P believes the next move will be upward, but probably not until spring and almost certainly not until after the election.
Business Week | August 21, 2008
