Inflation is like sin; every government denounces it and every government practices it

From an inflation perspective these are reassuring numbers: If manufacturers can't raise their prices when input cost inflation is running at an all-time high, when can they?

Investors will continue to look closely at U.S. macro data for any sign that growth may disappoint or inflation could surprise on the high side, putting pressure on rates to move up faster than expected.

Look at it! Look at it, damn you! This is the result of your consistent, persistent, grinding, impoverishing inflation, you despicable loathsome morons!

It looks as though core inflation is back. We have the core CPI now growing at an average monthly rate of roughly 0.3 percent thus far in 2004. That adds up to a rate hike happening sooner rather than later.

It looks as though core inflation is back, ... We have the core CPI now growing at an average monthly rate of roughly 0.3 percent thus far in 2004. That adds up to a rate hike happening sooner rather than later.