Categories
· Business (Tobacco)
Organizations
· Ppi
|
Jump to full article: Market News International, 1999-10-14
Author: Marco Babic
Intro: "If the Surgeon General's warnings were not enough to discourage smoking, perhaps another round of double-digit increases will do the trick," said Lehman Brothers economist Joe Abate.
Given the 3.0% weight of tobacco in the overall PPI, "We suspect this latest hike will add between 0.3% and 0.4% to the aggregate index and slightly more to the core this month," Abate continued.
But due to the "temporary nature of some of this month's distortions, we think the Fed will focus on the smoke-free core index.
Jump to full article » |