Morning News Wednesday August 15th 2007
General News: - Consumer prices in the U.S. rose 0.1% in July, the smallest gain in eight months, suggesting inflation is less of a threat than Federal Reserve policy makers had anticipated. - Two-year Treasury yields fell to an 18-month low on signs losses linked to U.S. subprime mortgages are widening. - Energy futures surged on concerns that Tropical Storm Dean will turn into a hurricane and strike oil and gas installations in the Gulf of Mexico. - Sales of existing homes fell in 41 states during the April-June quarter while home prices were down in one-third of the metropolitan…