Thursday, March 18, 2010 - 8:14 AM

CPI Numbers for February - Low Inflation Continues

The Bureau of Labor Statistics released its CPI numbers for February. According to the summary:

On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.1 percent before seasonal adjustment.

Whether or not you believe in these numbers, the Federal Reserve does, and with no major rise in the CPI and with no major improvements to unemployment, they will be in no rush to hike short-term interest rates.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Thursday, March 18, 2010 - 12:26 PM

Another contrived set of statistics to punish savers and continue the policies of the Bernanke-Geithner-Summers Cabal to reward their friends at the likes of Goldman-Sachs and others. They won't stop with this near zero rate fiasco until the savers, just capitulate, and transfer all their money into the equity and bond markets, with all the risk that entails.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819