...have the pricing power in today's market to pass their costs along to consumers, said Rajeev Dhawan, director of econometric forecasting at the the UCLA Anderson Forecast Project. That -- and the fact that energy accounts for a much smaller...

WASHINGTON - The economy grew at a red-hot annual rate of 5.8 percent during the last three months of 1999, the government reported Friday. But inflation also showed signs of reawakening, triggering a wave of selling in the stock market in anticipation of vigorous interest-rate hikes by the Federal Reserve.