Word: tame
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...market's mind was on Greenspan again Wednesday as a tame inflation number - a 0.3 percent hike in the Consumer Price Index, with just a 0.1 hike in the "core" rate - sparked a 100-point rally that traders promptly sold off for fun and profit. On the Fed watch, TIME senior economics reporter Bernard Baumohl figures today?s number and yesterday?s ?- a mildly alarming boost in retail sales ?- cancel each other out. "My sense from the last meeting was that the Fed was done unless it saw some clear and unambiguous evidence that inflation was on the rise...
Even branding is tame compared with more extreme bod-mod, ranging from people who have their tongues split to some Star Trek fanatics who have supposedly tried to look like a Klingon. Then there's Erik Sprague, 27, of Albany, N.Y., who has spent the past several years trying to turn himself into a lizard. So far he has had Teflon implants to enlarge his forehead and filed his teeth into fangs, while covering his body with tattoos of reptilian scales...
...uncontroversial class deserves a tame speaker...
...nest of gamblers, Wall Street can take a while to place its bets. But when it does... Nearly a full week after a tame inflation report made it apparent that the Fed would raise rates once, and just once, when it meets this Tuesday, the markets finally got used to the idea on Monday. The Dow came charging out of the gate to steam up more than 130 points, and after a midafternoon lull sprinted through the tape at 199.15 ? well into record territory. And all this on the eve of a rate hike? Welcome to the "discount" rally...
...there?s one word Wall Street loves these days, it?s "tame." That?s the best way to describe Tuesday?s report that the Consumer Price Index had risen a reasonable 0.3 percent in July (and an even more reasonable 0.2 percent excluding volatile food and energy prices). The morning news sparked a comfortable little rally based on a comfortable little assumption: When the Fed meets on August 24, Alan Greenspan will nudge up interest rates by a quarter point, and just a quarter point. "If you look at the general slope of the numbers, it?s apparent that inflation...