The Fed May be Winning its War on Inflation
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As the Federal Reserve knows, you have to crack a few eggs to make an omelet. And now those eggs cost less.
The consumer-price index increased just 4% in May from a year earlier, the Labor Department said Tuesday, well below the 9% peak seen last June and even lower than the 4.9% increase in April -- placing at long last the Fed's 2% inflation white whale within eyesight. Egg prices have plummeted, the stock market is soaring, and it may be time to celebrate... at least a little bit.
Source Fool.com
