by John Carney
Breitbart.com
Inflation Has Arisen from the Dead
There’s a specter haunting Wall Street. The specter of resurgent inflation.
The major inflation indexes have been rising, giving rise to a debate about whether this is a “bump” in the road back to the Fed’s two percent target or evidence that inflationary pressures have re-emerged despite a monetary policy the Fed claims is restrictive.
The rise in the consumer price index (CPI) accelerated in each month since November, culminating in the February figure that works out to 5.4 percent annualized. That was the highest since August of last year. The three-month average annualized figure came in at 4.0 percent, above the six-month figure of 3.2 percent, indicating a trend toward higher inflation.