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EScroogeJr (< 20)

The Fed revises its inflation forecast

Recs

1

February 20, 2008 – Comments (1)

Even the Fed is now beginning to realize that its deflationary scenario is not realistic.

http://biz.yahoo.com/ap/080220/fed_economy.html  

"And, with energy prices marching upward, the Fed also raised its projection for inflation. The Fed now expects inflation to be between 2.1 percent and 2.4 percent this year. That's higher than its old forecast for inflation, which was estimated to come in at around 1.8 percent to 2.1 percent."

1 Comments – Post Your Own

#1) On February 20, 2008 at 5:40 PM, Bupp (28.66) wrote:

Soon money won't be worth the paper its printed on...  ;)

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