For those who are following along on the guitar, here's the latest. As before, deflation is what's happenin' baby!!!
The quote:
Excluding the volatile food and energy categories, the so-called core index fell by 0.6 percent, the most in more than four years.
"there was little sign of inflation in the report" means, which this article didn't print, the inflation number for October 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.
[UPDATE]
The CPI number is out: core = 0%. (Here's a Reuters feed).
Down the chute we go. OK, Tea Baggers, what you got to say about this?
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