Wednesday, Jun 14, 2006

More lighter fuel anyone?

Evil Auntie!: US price growth fuels rate fears

US consumer prices climbed 0.4% in May, driven by a sharp rise in energy costs.
The rise, in line with expectations, increases speculation that the US Federal Reserve will raise interest rates when it meets later this month.

The Labor Department said core inflation, which does not include food or energy costs, increased by 0.3% for a third consecutive month.

Posted by tyrellcorporation @ 04:10 PM (651 views)
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3 Comments

1. Paul said...

And the Bank of England's MPC will continue to hum "la, la, la, I'm not listening ... "

Wednesday, June 14, 2006 05:08PM Report Comment
 

2. Bryan said...

Lets hope they don't listen and don't put up interest rates yet. I hope they wait until they HAVE to put up rates rather than wanting to, that way they wouldn't be in control and rates may have to go up faster and higher than they would want.

Wednesday, June 14, 2006 10:14PM Report Comment
 

3. Tangara said...

They are listening, but are trying to control the soooft landing ... till they can't !

Thursday, June 15, 2006 12:54PM Report Comment
 

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