by Mike Maharrey
GoldSeek
The Federal Reserve just got the green light to crank up the inflation machine.
The Consumer Price Index (CPI) moderated in February and turned downright cool in March. Prices fell month-on-month, driven by much lower energy costs.
That cracks the door for the Fed to plausibly cut interest rates again sooner rather than later. And that open door could come in handy for the Fed with markets in chaos and recession worries heating up.
The March CPI Data
On an annual basis, the CPI came in at 2.4 percent, according to data from the BLS. That was down from 2.8 percent in February. The forecast was for a 2.6 percent annual price gain.