71. Because inflation is dormant, companies have been unable to raise prices on their products. 72. Blue chips led the stock market Friday after a mixed bag of government economic reports for September indicated that inflation was under control. 73. Bond yields dropped after Federal Reserve Chairman Alan Greenspan yesterday said inflation was so low that some observers are questioning whether deflation is now possible. 74. Bonds later fell anew as commodity prices rose, signalling that inflation could be poised to accelerate and eat into the value of bond interest and principal payments. 75. Bonds rallied today after the Federal Reserve signaled it would lower rates on overnight bank loans now that inflation is subdued and the economy is flagging. 76. Bonds pared the loss as traders examined other indexes in the report and concluded they provided reason to believe inflation is in check. 77. Boom times like these inevitably raise inflation concerns in the minds of Fed policy makers, even though inflation is very low. 78. Bonds also rose today after Federal Reserve Chairman Alan Greenspan told U.S. lawmakers that growth is slowing and inflation is low and falling. 79. Bonds rose after the report, pushing interest rates lower, as the claims numbers did little to change the view that inflation is not a threat. 80. Bonds were little affected by government reports confirming the economy is sputtering and inflation is subdued, traders said. |