US Consumer price index rose .4% in January (same as December). The "core" CPI (excludes food and energy) advanced .3%.
That is almost 5% inflation per year. Inflation is so bad that even the fed can not hide it. Of course, in real life, it's worse than just 5%.
But this won't deter fed from lowering rates. But it does remain a "concern" for the fed.
Dollar is dropping. Oil is up. Gold is up. But we need more rate cuts.
Housing
In another report, home construction rose .8% in January. But future groundbreakings fell to lowest in 16 years.
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