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The figures come out quarterly, so there should be some more clarity in August, although those on both sides of the debate accept it will be gauged over years, rather than months.
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A closely watched inflation gauge, the core personal consumption expenditure deflator, posted its smallest year-over-year gain since February 2004.
Mr. Kulkowitz said he gauges things year to year.
New contracts, which can stretch over years, are a gauge of future business.
Gold investment demand as gauged by increased holdings of exchange-traded funds, bars and coins, rose 248%, to 596 metric tons, year-over-year with a record investment into ETFs: up 540%, to 465 metric tons.
"Year-over-year, they pay their C.E.O.
Year-over-year sales are up 300 percent.
"We're growing year-over-year.
Revenues, at $91 billion, stagnated year-over-year.
Year-over-year sales improved 4.6%.
quarter on year-over-year basis.
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