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The Labor Department reported that consumer prices rose 0.3% in August. The core Consumer Price Index (CPI) was flat.
These number suggest that inflation is subdued and does not pose an immediate threat to the economy. Now, analysts are speculating about Federal Reserve policies going forward.
The report on consumer prices follows a 0.4% rise in producer prices, after a 0.2% rise in July, as reported in the New York Times.
Continue reading Consumer Prices Flat in August; Inflation Is Subdued
With about a 50% run up since January, the stock market is poised for a dip. That is the conventional wisdom being touted by the analysts.
The idea is a good one, but what do you mean by a dip? This is where it experts disagree as usual. Let's take a sampling of some leading pundits:
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