Wednesday, June 14, 2006

More lighter fuel anyone?

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 (685 views)
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3 thoughts on “More lighter fuel anyone?

  • And the Bank of England’s MPC will continue to hum “la, la, la, I’m not listening … “

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  • 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.

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  • They are listening, but are trying to control the soooft landing … till they can’t !

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