Now Inflation the Big Concern
Posted by Michael Link on May 8, 2008 at 10:47 AM
Both on Wall Street:
The improving picture on Wall Street has fed the widespread belief that the Federal Reserve will end its nine-month rate-cutting campaign at its June meeting, as it eyes the growing threat of inflation.
And with the public:
The poll suggests that inflation is the top economic issue for most Americans, with 47 percent of those questioned identifying it as the biggest economic problem.
Comments (3) «
It is really hard for those living on a fixed income. I hope something turns brighter for them soon.
Copy the Master: "Pay Down The Debt! Use tax Payers money to give an oppertunity to everyone willing to work for it. We will be on the rise again.
Let Glory Deserve to Shine. Way to Go United States Of America.
Remember The Surplus? Who Created it. What a Change Hillary would make.
Messing with interest rates isn't going to do a thing for inflation.
We need to strengthen the dollar by taxing the rich and paying down our debt, stop this corrupt "war" which is a big useless illegal money drain, investigate no-bid no-oversight government contractors, and make them pay up for the fraud they've practiced on the government, stop using food sources for the bogus ethanol scam that's driving up food prices, and start looking at more realistic economic indicators than the ones that are currently being used.
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