For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

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.

Continue reading

Source Fool.com