US DEC BUDGET DEFICIT SLOWED – BUT ONLY ON THE SURFACE
WASHINGTON (MaceNews) – The December budget deficit was just $13.5 billion, the Treasury Department said Wednesday and after the usual apples-to-apples adjustment, was $45 billion in the red, heading toward what the Congressional Budget Office says will be about $900 billion by the end of the fiscal year. So while the official number is 10% […]
US JAN CONSUMER INFLATION RESTRAINED BY FUELS BUT GAINS WIDESPREAD
–Dominant Shelter Index +3.2%/12 M0s, An Upward Pull WASHINGTON (MaceNews) – The key signposts within the Consumer Price Index, the annual rates of increase for shelter and rents, show strong upward pressure on the inflation rate, increases through January above 3%. The Federal Reserve reflexively looks past energy as an important long-term inflation determinant, disdains […]