Deflationary Fears Creep into Economy

Document Type

News Article

Publication Date

11-26-2013

Publication Title

Savannah Morning News

Abstract

This column was published in Savannah Morning News.

The most recent data on consumer price behavior has been released, and the inflation hysterics are wrong again. The rate of change in the Personal Consumption Expenditures Index, the most commonly tracked benchmark by the Federal Reserve Bank, rose 0.9 percent in September, compared to a year earlier, well below the two percent Fed target. Further, a Bloomberg article reports the global inflation rate is 2.8 percent, the second lowest reading since World War II. As evidence continues to accumulate in opposition of run-away inflation the policy tone is beginning to shift for hard-nosed inflation hawks...

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