There was modest good news on the inflation front in September as producer prices rose 0.4%, with the core rate rising 0.1% — two readings that suggest the nation is avoiding deflation, a period of sustained price declines that could push the nation back into recession.
The Federal Reserve actually wants the economy to exhibit some inflation, as long as it remains low, and last month the Fed got…
Continue reading Small Producer Price Increases Further Ease Deflation Concerns
Small Producer Price Increases Further Ease Deflation Concerns originally appeared on DailyFinance on Thu, 14 Oct 2010 10:34:00.
Filed Under: Economy