Summary
Yesterday's editorial "Wall Street and the Fed" seems to confuse both basic economic statistics and the source of the financial community's consternation over the current Federal Reserve Board.
The Bureau of Labor Statistics reported a 4.2 percent annualized rate of consumer inflation on Wednesday, not 5.2 percent as the editorial states, which (had it been reported) would have been a number not seen since the early 1990s.See the full content of this document
Extract
Facts About the Fed
That leaves the real fed funds rate at 0.8 percent. In addition to be...
See the full content of this document
Sponsored links
