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Tuesday, December 16, 2008

Stock futures up after data on inflation, housing

Wall Street heads for higher open as data show drops in consumer inflation, housing starts

NEW YORK (AP) -- Wall Street is headed for a higher open, even after the government reported huge declines in consumer inflation and new home construction.

The two reports suggest that the U.S. economy is getting weaker. But economists expect the Federal Reserve on Tuesday to lower the key interest rate in response to the anemic economy and volatile markets.

The Commerce Department says housing starts fell for the fifth straight month by nearly 19 percent in November, and the Labor Department says consumer prices fell a larger-than-expected 1.7 percent.

Ahead of the market's open, Dow Jones industrial average futures rose 43, or 0.50 percent, to 8,624.( "Here My Every News I'm providing like Hot syndication" And This sites every Ads also Erotic you May check it!!)

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