The current flatness in prices isn’t what the Federal Reserve wants. It would much rather see a little more inflation in the economy. Says Great Depression scholar Ben Bernanke: “Further disinflation would be unwelcome.” The Fe…
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 …
The minutes of the FOMC’s September meeting show more quantitative easing may be needed “before long,” but the bankers delayed any moves while waiting for more data.
Continue reading An Anxious Fed Decided to G…
The search giant may use its vast database of Web-shopping data to construct a daily measure of inflation called the Google Price Index, or GPI. It can be calculated much quicker than the official CPI, but it covers only what c…
The recent stream of modestly positive economic news means the Fed probably won’t take any further action to stimulate the economy at its upcoming meeting. But nobody is calling the economy healthy yet.
Continu…