For those who are following along on the guitar, here's the latest. As before, deflation is what's happenin' baby!!!
The quote:
The Fed is expected to inject more money into the economy through bond purchases, and that view was bolstered by the consumer data, which showed no inflation pressure in the economy.
"No inflation pressure" means, which this article didn't print, the inflation number for September was 0. That's right a goose egg. Nada. Nuthin'.
So, all you righteous Right Wingnuts who want the Fed to clamp down on runaway inflation: shut the hell up.
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