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Wednesday, March 23, 2005
Inflation on the March
Per Jeannine Aversa of the AP:
Consumer prices gained momentum in February, rising by 0.4 percent, the biggest increase in four months. It was a fresh sign that inflation is picking up.I thought that Alan Greenspan believed Bush's massive budgetary deficits didn't matter... isn't that why he approved of round after round of tax cuts for the extremely wealthy?
The increase in the consumer price index, the government's most closely watched inflation barometer, came after prices nudged up by just 0.1 percent in January, the Labor Department reported Wednesday.
The newest snapshot of the inflation climate underscored the Federal Reserve's resolve to continue to lift interest rates in an effort to prevent high energy prices from stoking broader inflation.
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