April 14, 2010

THAT WOULD BE THE DISTANT FUTURE WHERE DEMOGRAPHIC DECLINE STARTS PUMMELING THE REST OF THE DEVELOPED WORLD?:

Retail sales up in March; consumer prices tame (Bloomberg News, April 14, 2010)

The 0.1 percent gain in the consumer price index was in line with expectations and followed no change in February, the Labor Department reported Wednesday. Excluding food and fuel, the so-called core rate held steady after rising 0.1 percent in February, reflecting cheaper rents and clothing.

Retailers like Wal-Mart Stores Inc. and Home Depot Inc. are offering discounts to attract consumers coping with a 9.7 percent rate of unemployment and rising foreclosures. An absence of price pressures is one reason why Federal Reserve policy makers last month pledged to keep the benchmark interest rate near zero in coming months to fuel the economy.

"Inflation as a concern is relegated to the distant future," said Guy Lebas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia.

Posted by Orrin Judd at April 14, 2010 12:39 PM
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