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Philadelphia Fed quotes

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    I Like this quote I dislike this quote“Expectations about future prices remain elevated: 62 percent of the firms expect input prices to rise over the next six months; 49 percent expect increases in the prices of their own manufactured goods,”

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    I Like this quote I dislike this quote“point to recession in both the manufacturing sector and the general economy.”

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    I Like this quote I dislike this quote“The trajectory that emerges from this forecast is one in which inflation is temporarily high in the current quarter but quickly approaches the current estimate of long-run inflation of 2.5 percent.”

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    I Like this quote I dislike this quote“Nevertheless, many business firms indicated to the District Banks that they expect high prices for energy and construction materials to persist,”

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    I Like this quote I dislike this quote“Higher prices for final manufactured goods were also more widespread this month, suggesting that higher costs have been passed on to customers.”

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    I Like this quote I dislike this quote“If they tighten again in November, then the steps they've taken in three (interest rate) moves should meaningfully diminish the chances of inflation picking up going forward.”

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    I Like this quote I dislike this quote“These forecasts are higher than in the previous survey, particularly for the first half of 2006, suggesting increasing optimism among the forecasters.”

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    I Like this quote I dislike this quote“Price pressures remain but continue to show a moderating trend.”

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    I Like this quote I dislike this quote“The employment index was sharply higher this month, and the average hours worked improved. Firms continued to report higher prices for inputs and for their own manufactured goods.”

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