Wednesday, October 05, 2005

 

Economy Gets Another Inflation Warning

The economy received another inflation warning on Wednesday, when a survey of industry executives showed that energy costs drove prices higher in September while business activity slowed in the services sector. The report reinforced expectations that the Federal Reserve would continue to raise rates as the economy struggles with rising fuel costs aggravated by Hurricane Katrina.

Economy Gets Another Inflation Warning
Source: Hartford Courant

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