At Last, Recovery Heads Where the Fed Wants It
By NELSON D. SCHWARTZ, NYT
MAY 15, 2014
The Federal Reserve finally seems to be getting what it wants.
Two indicators of economic health that the Fed and its chairwoman, Janet L. Yellen, have identified as keys to a stronger recovery — modestly higher inflation and a more robust job market — finally seem to be moving in the right direction, according to new data released by the government on Thursday.
In particular, economists said, a rise in the Consumer Price Index in April, along with several other reports this week, suggest a broader economic firming is underway after a weak, weather-plagued start to 2014.
Besides the increase in consumer prices reported on Thursday, data Wednesday on producer prices showed a rise of 0.6 percent last month, the largest increase since September 2012 and an indication that demand for a number of basic goods is growing faster than economists expected.
(More here.)
MAY 15, 2014
The Federal Reserve finally seems to be getting what it wants.
Two indicators of economic health that the Fed and its chairwoman, Janet L. Yellen, have identified as keys to a stronger recovery — modestly higher inflation and a more robust job market — finally seem to be moving in the right direction, according to new data released by the government on Thursday.
In particular, economists said, a rise in the Consumer Price Index in April, along with several other reports this week, suggest a broader economic firming is underway after a weak, weather-plagued start to 2014.
Besides the increase in consumer prices reported on Thursday, data Wednesday on producer prices showed a rise of 0.6 percent last month, the largest increase since September 2012 and an indication that demand for a number of basic goods is growing faster than economists expected.
(More here.)
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