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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