December 23, 2014
A DEFLATIONARY EPOCH:
Inflation Reading Misses Fed's Target for 31st Straight Month (ERIC MORATH, 12/23/14, WSJ)
The overall PCE price index, the Fed' s preferred gauge, fell 0.2% in November and was up 1.2% from a year earlier. That marked the 31th consecutive month that inflation remained below the Fed's 2% annual target.
Posted by Orrin Judd at December 23, 2014 5:59 PM
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