Friday, March 20, 2009

Fed in the Zone

Perfect for tourney time, no?

"
they are exactly in the middle of their comfort zone"

Well that's nice. I feel so much better now.

How about you, America? You in a comfort zone?


"Consumer prices inch up in February" by Bloomberg News | March 19, 2009

WASHINGTON - The cost of living in the United States increased more than forecast in February, reducing concern of a deflationary spiral that might push the nation toward a depression....

The gains pushed the annual core inflation rate up to 1.8 percent, within the range that most Federal Reserve officials say is their objective.

Seems to me you are getting screwed either way, 'murkn!

"It brings some relief to the Fed, they are exactly in the middle of their comfort zone," said Harm Bandholz, a US economist at UniCredit Group in New York....

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