CAROL LIN, CNN ANCHOR: Some fresh numbers are just in right now. Housing starts are up 1.5 percent. These numbers are just in -- the economy is still rolling along. The consumer price index is better than expected, at 0.3 percent. The consumer price index is an important economic indicator as to whether people are still spending, and housing starts are important, of course, because people out there are still buying houses, especially with these low interest rates. The Federal Reserve Board, however, is less worried about inflation right now and is still worried about keeping the economy moving along -- and thus yesterday's half point rate cut. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Housing Starts up 1.5 Percent; CPI at 0.3 Percent