31.   Because it excludes prices of food and energy, the core consumer price index is considered a better measure of indirect inflationary pressures.

32.   Balancing and perhaps even outweighing the concern about growth slowing too rapidly is concern among one camp within the Fed that inflationary pressures will continue to build.

33.   Because service industries are the most labor-intensive, they are where inflationary pressures have been expected to be the most intense.

34.   Because the federal government is running a budget surplus there will be no inflationary pressures from fiscal policy.

35.   Before a White House meeting with business executives, President Bill Clinton said he sees no significant inflationary pressure in the economy -- even though employment is strong.

36.   Behind the Fed decision were signs that the U.S. economy is retaining momentum without sparking inflationary pressures.

37.   Bond prices are reflecting the lack of much inflationary pressures, and investors are responding by buying the longer maturities, he added.

38.   Bond investors largely brushed aside reports on the economy that suggested further strength and possible inflationary pressure, which typically tend to hurt bond prices.

39.   Both events could provide some insight into whether inflationary pressures are rising.

40.   Both have expressed concern at policy meetings this year that a rapid increase in the money supply is an early warning sign of inflationary pressures.