Inflation Rate Mildest in 6 Months
CPI reports came out this morning on a more positive note with a reading of 0% being delivered when 0.3% was expected for finlation. The same result came for core-inflation as well.
Energy prices though continue their upward climb which begs many to wonder if this is just a very temporary sign of relief.
The flat reading for core inflation in February left underlying inflation rising by 2.3 percent over the last year. This is still above the Federal Reserve Board’s “comfort” range of 1 percent to 2 percent.
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2 opinions for Inflation Rate Mildest in 6 Months
Market Gap Coming to the Upside | Stock Trading To Go
Mar 14, 2008 at 8:43 am
[…] reports came out mildest in 6 months with an overall 0% change month over month. Get ready for a The market has opened to the upside, […]
Fed Meeting Next Week, What to Expect
Mar 15, 2008 at 11:17 pm
[…] is a tough call to make though. Inflation was flat in February which supports the Feds taking aggressive action again by slashing rates further. But, […]
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