KQEH Nightly Business Report June 18, 2014
Volker has since been won and every now and then like today, calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States sur...