Archive for May 17th, 2006

Wednesday, May 17th, 2006

Inflation on a rampage

Ouch!  According to Bloomberg, inflation grew 0.6% in April which was preceded by a 0.4% increase in March.  If we “average” these two amounts and annualize it, then inflation is growing at roughly 6% – Yikes!  I suspected the Fed would raise rates again in June by another quarter point but I now they may […]

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