The Federal Reserve has stated that inflation is too low. Is that really the case? This week the Consumer Price Index and the Producer Price Index will announce the results for January. You can be confident the number will be closely watched to confirm the stance of the Fed. The current stimulus, in place to buy $600 billion of Treasury bonds, has been under fire since announced last fall. The easy monetary policy has been accused of fueling inflation and stimulating commodity prices. Time will tell, and the argument will drone on as we march forward.
Some economists believe inflation is already higher than the government statistics show, which in turn is slowing growth. Small business and consumers are already experiencing higher input prices, i.e. inflation pressure. The pressure from commodity prices is evident when you pull up to a gasoline pump. The price has risen more than 30% since
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