25 YEARS AND COUNTING...:

Inflation Looks Tamer, But For How Long?: Resilient demand and stronger growth will stoke new price pressures (Business Week, 7/02/07)

Inflation readings have taken a turn for the better, at least the ones Wall Street and the Federal Reserve care the most about. The so-called core price indexes at both the wholesale and retail levels, those that exclude the gyrations in energy and food prices, were especially tame in May, and the yearly inflation rate in each sector has edged lower this year. Will these favorable trends continue?

They always do.

Posted by Orrin Judd at June 26, 2007 6:58 AM