Message Font: Serif | Sans-Serif
No. of Recommendations: 1
The Fed's Faux Pas?

The threat of inflation diminished in July as the consumer price index fell 0.1% in July from June. Believe it or not lower gasoline prices were the major reason. Where are those gas stations by the way? The year-over-year increase in consumer prices fell to 3% from 3.3% in June.

Excluding food and energy, the two most volatile components of the index, the "core" index rose a tepid 0.1% in July. That marks the second month in a row the core number has indicated inflation is in check. The year-over-year core inflation rate declined to 1.8% from 1.9% in June.

Despite this, in its last meeting the Federal Reserve raised rates for the second month in a row. I wonder if they are getting their data from the CIA? Perhaps the filters need a little Windex.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.