Still waiting on that runaway inflation the conservatives have been warning us about for the last 5 years _________________________________ Inflation isn’t just going nowhere. It may be slipping again. The Commerce Department’s latest read of consumer prices on Friday showed price pressures moving in a direction many Federal Reserve officials find uncomfortable. The personal consumption expenditures price index — the central bank’s preferred inflation gauge — slowed to an annual gain of less than 1%. The PCE index’s 0.9% annual increase in February marked the weakest reading since October, when year-over-year inflation touched a four-year low. The latest data suggests the U.S. faces little risk of rapidly accelerating inflation as the Fed slows the amount of stimulus it’s pumping into the economy. blogs.wsj/economics/2014/03/28/inflation-slows-again-bouncing-around-four-year-low/
Posted on: Fri, 28 Mar 2014 22:29:40 +0000
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