Tag Archive: slow growth

Where is the Inflation?

Inflation data released today showed the ongoing absence of price pressures that could force the Fed to be more aggressive when it comes to monetary policy. The U.S. Labor Department reported this morning that the U.S. Consumer Price Index was unchanged in June. Consensus estimates were looking for a rise of .1%. Year-over-year CPI was also below consensus estimates, with an annualized reading of 1.6%. All major components of the index showed broad-based weakness, with energy prices in particular showing a significant decline. Core inflation... Continue Reading