"basskisser" wrote in message
om...
Wholesale prices jump by 1.7 percent in October

It has nothing to do with the price of oil, right?


Federal Reserve Chairman Alan Greenspan and his Fed colleagues, in a
statement after their meeting last week, said that the economy appears
to be growing "at a moderate pace despite the rise in energy prices."

Wellll...lookey there. Greenspan mentioned the rise in energy prices.


Fed policy-makers said that "inflation and longer-term inflation
expectations remain well contained."'

So where's the inflation?