Bernanke Given Green Light to Print as PPI Shows Little Sign of Inflation
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It is all system go for the Fed and their QE3 plans, which allow for billions in additional government spending. According to Fed Chairman Ben Bernanke and other members of the FOMC, inflation could potentially complicate their plans to stimulate, but so far the data has show little sign of it.
Today's Producer Price Index showed a September rise of 1.1 percent, slightly higher than 0.8 percent expected. This was due to a surge in the price of gasoline, which was higher as a result of refinery issues and geopolitical tensions, which caused higher oil prices. Excluding food and energy, there was zero inflation in September.
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Today's Producer Price Index showed a September rise of 1.1 percent, slightly higher than 0.8 percent expected. This was due to a surge in the price of gasoline, which was higher as a result of refinery issues and geopolitical tensions, which caused higher oil prices. Excluding food and energy, there was zero inflation in September.
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Ben S. Bernanke, Federal Open Market Committee
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