April CPI released- +.2%, core +.1 %
Food up.9%. energy flat in April vs March. Are you kidding me. Oil is has gone from 110 to 125. Nat gas is pressing 12. I guess all those cheap wind and solar farms are producing cheap energy.
I suspect the Owners equivalent rent and car prices dragged the index lower.
Given that number, any suspicion of higher rates from the FED just went out the window.
So what do we have-a FED giving credit away-that sets the stage for problems down the road. Bernanke is trying to save his job and his Republican masters. Full speed ahead into November.
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