3:14 pm Looking Ahead - October 9, 2015
Everyone knows that the plunge in oil prices has weighed heavily on headline inflation. Everyone also knows that the Federal Reserve thinks the energy price decline is "transitory." The Federal Reserve, however, has also acknowledged that prices of non-energy imports have also contributed to inflation running below the Federal Open Market Committee's (:FOMC) longer-run inflation objective. That piece of insight will lend added influence to Friday's release of the U.S. Import Price Index for September.
September Import Price Index …More