Inflation Remains Elevated. Is Money Actually Tight?
Inflation Remains Elevated. Is Money Actually Tight?
There’s been another bump in the disinflationary road. The Bureau of Labor Statistics announced the Consumer Price Index (CPI) increased 0.4 percent in February and 3.2 percent year-over-year, exceeding many economists’ predictions. That’s up slightly from January’s 0.3-percent monthly and 3.1-percent annualized increases. Much of the increase is due to shelter and gasoline prices, which...