Why the Fed Says There's No Inflation

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Why the Fed Says There's No Inflation #152628 03/02/2011 11:07 AM 03/02/2011 11:07 AM
Joined: Jan 2002 Posts: 23,930 Tulsa airforce OP Administrator
airforce OP Administrator Senior Member Joined: Jan 2002 Posts: 23,930 Tulsa	It's because the Fed uses Real Personal Income Expenditures, or PCE , rather than the Consumer Price Index used by the Bureau of Labor Statistics. But, as the Reserve Bank of St. Louis points out, the PCE actually leaves out food and energy costs . Um, can you guess what's been rising lately? Onward and upward, airforce

Re: Why the Fed Says There's No Inflation #152629 03/02/2011 01:42 PM 03/02/2011 01:42 PM
Joined: Oct 2001 Posts: 19,741 A 059 Btn 16 FF MSC ConSigCor Senior Member
ConSigCor Senior Member Joined: Oct 2001 Posts: 19,741 A 059 Btn 16 FF MSC	No inflation??? Obviously they haven't been to the gas station or the grocery store lately. "The time for war has not yet come, but it will come and that soon, and when it does come, my advice is to draw the sword and throw away the scabbard." Gen. T.J. Jackson, March 1861

Re: Why the Fed Says There's No Inflation #152630 03/02/2011 03:20 PM 03/02/2011 03:20 PM
Joined: Sep 2006 Posts: 1,015 washington mak9030mag Senior Member
mak9030mag Senior Member Joined: Sep 2006 Posts: 1,015 washington	When you spend other peoples money,you never reconize the cost of anything. Mak