18 January 2001, 10:24 Industrial output drops for third straight month, CPI rises 0.2%
Washington--Jan. 17--U.S. industrial production dropped 0.6% in
December, declining for the third consecutive month, in yet another
indication that economic growth is slowing rapidly. Consumer prices,
meanwhile, posted only a modest increase last month, suggesting that
inflation will not be an obstacle to another cut in interest rates as the
Federal Reserve seeks to stop the downturn from becoming a full-blown
recession.
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