Consumer Prices in U.S. Climb at Slower Pace in Sign Inflation Not Threat »
Posted By y_soitenly 1 month, 1 week ago in Business & Finance
Oct. 15 (Bloomberg) -- The cost of living in the U.S. rose at a slower pace while manufacturing expanded in the New York and Philadelphia regions, indicating the recovery from recession isn’t stoking inflation.
Read Full Story at bloomberg.com »
198 Views Share Story 5 Comments Report
Submitted By:
y_soitenly
Curly Howard, the one with the shaven head which Moe referred to as "looking like a dirty tennis ball," was the most popular member of ...
Other Related Articles:
RSS Join the Discussion
+ Add CommentComments So Far: 5 (view all)
-
100%
y_soitenly1 month, 1 week ago
This comment is below the standard viewing threshold View It »
FTA~
Reply
The consumer-price report backs Fed policy makers who argue that interest rates should be kept near zero for a long time to nurture a recovery from the worst recession since the 1930s. Economists project the jobless rate will exceed 10 percent by early 2010, even as a report today showed claims for unemployment benefits declined last week.
“The economy still has a tremendous amount of slack,” said Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “The low inflation numbers we’re likely to see will give policy makers the flexibility to take their time in raising rates.”
Economists forecast consumer prices would rise 0.2 percent, according to the median of 79 projections in a Bloomberg News survey. Estimates ranged from a decline of 0.2 percent to a gain of 0.5 percent.
The yield on the benchmark 10-year note climbed to 3.46 percent at 4:11 p.m. in New York from 3.44 percent late yesterday. -
100%
Endoscopy1 month, 1 week ago
This comment is below the standard viewing threshold View It »
The most recent economic projections of the FED forecast 10.3 percent unemployment as of next June and 8.5 percent unemployment through 2013. This does not sound good to me. It is really too early to see what effect the FED pumping billions of dollars into the economy will have. Next year will tell the story.
Reply -
-
50%
vvv63vvv1 month, 1 week ago
This comment is below the standard viewing threshold View It »
never trust myopic articles which compare current month stats to the previous month stats only
Reply
by just cherry picking stats from aug to sept they get to write headlines that look great
the worse times look economically the less people spend -
Neutral
Jnkns1 month, 1 week ago
This comment is below the standard viewing threshold View It »
I guess everything looks bad now, though I guess some measures are being taken now.
Reply
Craig
forex trading news
More News
Daily Finance
Big box bookstores don't see a happy ending ahead for holiday sales
U.S. consumer confidence resumes its upward trend in October
Microsoft - News Corp. deal could face legal challenges
Housing rebound continues: Prices rose for fifth straight month in September
U.S. third-quarter GDP growth is revised downward, but it's still growth
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.