Comment of the Day: : No, The Federal Reserve Should Not Be Tightening Right Now. Why Do You Ask?: "This morning's CPI report should be the nail in the tightening coffin...
...Where does it suggest that inflation is moving up toward the target, much less above it?... This is the CPI: 2% for the PCE equates to something more than 2% for the CPI (I would say 2.5%)...
: Consumer Price Index Summary: "The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in August...
...on a seasonally adjusted basis.... Over the last 12 months, the all-items index rose 0.2 percent.... The index for all items less food and energy increased 0.1 percent in August, the same increase as in July.... The 12-month change in the index for all items less food and energy also remained the same, at 1.8 percent for the 12 months ending August...
