Monday, Jun 25, 2007
Inflation is soaring, and the Fed will respond soon
marketwatch.: The price is wrong
Will it take double-digit price hikes to convince the markets that inflation is rapidly becoming a major economic problem?
Over the past three months, the annual rate of inflation has been running anywhere from 7% to 11%. That's no typo, folks: Since March, prices have gone up at a 7% clip at the consumer level and at an 11% pace at the producer, or wholesale, level. By contrast, last year consumer prices rose 2.5%, while producer prices inched up just 1.1%.
Posted by out of control speculators @ 03:50 PM (143 views) Add Comment
1 Comment
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1. Orwell said...
The answer might be that unless unions in the USA and the UK force the issue, then no IR's will not rise to a great extent!