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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (13649)	10/19/2004 11:29:27 AM
From: russwinter	Read Replies (1) \| Respond to of 116555

Even if you put little credence in the inflation numbers as being reported far too low, you still have 2% core, and 2.5% non-core using the bogus numbers. By the Fed's own admission 1.75% Fed Funds is far too loose and behind the curve. Look for two rate increases, one in Nov, and one in Dec. regardless of economic slowdown. They will maximize the second one with lots of "inflation fighting prowess" BS and "tough guy" talk". Consumer prices are up 2.5 percent over the past 12 months. The core CPI has risen 2 percent year-over-year, breaking that key barrier for the first time in nearly two years The Federal Reserve has adopted a loose and informal target of 2 percent for consumer inflation, based on a different gauge of inflation produced by the Commerce Department.