February 13, 2019

IT'S A DEFLATIONARY EPOCH:

U.S. Inflation Remains Contained Amid Fed Patience on Rates (Jeff Kearns, February 13, 2019, Bloomberg)

A key measure of U.S. inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve's recent decision to be patient on raising interest rates.

Excluding food and energy, the so-called core consumer price index rose 0.2 percent from the prior month and 2.2 percent from a year earlier, according to a Labor Department report Wednesday. The monthly pace matched the median estimate of economists. The broader CPI was unchanged from December, below forecasts, while the annual gain of 1.6 percent was the smallest since June 2017.

Especially impressive given Donald's inflationary attacks on the free movement of goods and people.

Posted by at February 13, 2019 4:04 AM

  

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