96 Underlying these Q4-Q4 totals is a distinct acceleration
in prices over the next year, and then a leveling off in
consumer inflation as markets soften in 1990.
97 It is pretty clear, as Peter implicitly pointed out,
that people have revised down their expected path of short-term rates for
next year or two. Eurodollar futures are off 50 to 75 basis points
through 1995 and 1996.