Dousingthe monetary tightening flames further was a cooling in cost pressures with input prices declining by 2% during the month and at twice the predicted pace leaving the annual pace of gain at a still admittedly high 15.7% pace.
There is a crisis in US relations with Israel today because the president of the United States has very publicly taken a torch to those relations and he responds to any sign that theflames are waning by dousing fresh kerosene on the fire.