Economic Week in Review: Inflation heats up as summer cools…Week ending Friday August 22, 2008

Posted on August 22, 2008. Filed under: -- Economic Week In Review | Tags: |


By Molly Greaves

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Economic Week in Review: Inflation heats up as summer cools
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Good news was hard to find in this week’s economic reports.
Inflation at the wholesale level rose at a worrisome pace in July,
even excluding higher prices for energy and food. One bright spot
was the decrease in initial claims for unemployment insurance.

In the financial markets, for the week the S&P 500 Index slipped
–0.5% to 1292 (for a year-to-date total return of –10.8%).
The yield of the 10-year U.S. Treasury note rose 3 basis points
to 3.87% (for a year-to-date decrease of 17 basis points).

To read Vanguard(R) Economic Week in Review in its entirety, go to:
http://www.vanguard.com/visit/econweek082208

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