December 13, 2013

IN OTHER WORDS, INTEREST RATES ARE ABNORMALLY HIGH:

Inflation still low as wholesale prices fall for 3rd straight month (Jim Puzzanghera, December 13, 2013,LA Times)

 Wholesale prices dropped in November for the third straight month, indicating that inflation remains in check as Federal Reserve officials consider reducing a key stimulus program. [...]

During the previous 12 months, wholesale prices rose 0.7%. That figure was up from a 0.3% 12-month rate through October, but remained well below the Fed's target of 2% annual inflation.

Central bank policymakers rely on a different inflation measure based on prices for personal consumption expenditures. But the latest 12-month figure for that gauge, through October, also was 0.7%.


Enhanced by Zemanta
Posted by at December 13, 2013 6:46 PM
  
blog comments powered by Disqus
« THE NEXT STIMULUS BILL: | Main | RAGE AGAINST THE MANICHE: »