From the Wall Street Journal
Consumer Prices Fall on Energy
By LUCA DI LEO And JEFF BATER
U.S. consumer prices edged lower in April for the first time in more than a year and underlying inflation was flat, giving the Federal Reserve leeway to keep supporting the economy with record-low interest rates.
Read more here.
Read more here.
How come nobody is getting any of that nice juicy money the Fed gave to the banks if everything is so rosey?
U.S. consumer prices fall 0.1% in April
By Rex Nutting, MarketWatch
WASHINGTON (MarketWatch) -- Consumer prices in the U.S. fell 0.1% on a seasonally adjusted basis in April as energy, housing, auto and apparel prices declined, the Labor Department reported Wednesday.
"Disinflation is firmly entrenched in the U.S. economy, a big plus for debt markets, and a positive for equities too -- provided we don't slip into deflation," wrote Sal Guatieri, an economist with BMO Capital Markets.
Read more here.
This guy is Hi-larious. . . Disinflation. . . Hmmmmm. . . We used to call that . . . wait for it. . .here it comes. . . DEFLATION!!! Yup folks, they have politically corrected deflation (very scary place to be) to disinflation. Nice. Keep up the great job with your Orwellian Doublespeak from the Ministry of Disinformation. We are sliding into the Dystopian nightmare he; Orwell, wrote of so clearly and so it is only appropriate that you code disaster as being a great boon to the economy.
From the BBC
US prices fall for the first time in 13 months
driven by lower petrol costs, official data has shown.
Consumer price index inflation fell 0.1% last month from March, said the Labor Department, surprising analysts who had expected a 0.1% increase.
More here.From lower Oil prices??????? How come the price of gas is still 270 to 3 plus bucks a gallon then? Huh? More double speak.
More here.
Oops, this does not look good. I thought we had record low interest, great time to buy, You just can't keep it, right? It was 1 in 8 just a blink ago. Tick-Tock. . . tick-tock. . .
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