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Inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson has more on todays stock slid...

Inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson has more on todays stock slid...

Prices are rising and that inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson ha...

Lets head straight to the markets. On a hyman has the latest pretty sharp decline in the markets. Julie im just seeing a headline. The u. S. 30 year mortgages knowing 3. 59 according to freddie mac. Lower. Arching ever fascinating. We are seeing stocks fall back after the advance we saw yesterday. That basically reversed the declines from the day before. On the back of the fed minutes, the reader is relatively dovish and we are seeing those gains reversed once again. In terms of what is moving us we haveelecom stocks rates we are seeing the financials get hit again. In terms of the individual ...

Was unexpected by most people i know i hear that nobody expected it. I do want to take some credit for expecting it with my if colleague who is a fellow fellow in our book, we explain what our view was, we published some time ago, we anticipated this. We were voices in the wilderness during the heyday of peek oil. Technology improved and it improves fastest in area of inhere inherent advantage. Last year was the fastest single increase since the dawn of the oil age a century ago. Total Oil Production in america went up 4 billion barrels a day in the last seven years. That comprised more than t...