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Feared Fed Reaction to CPI Floors Stock Market
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Consumer prices rose in April at the highest rate in three months, the government reported yesterday, triggering a sharp drop in stock prices and adding to worries of higher inflation and rising interest rates. (Washington Post [1], Thursday)
No one's wealth is safe when money is controlled by bureaucrats.
FEE Timely Classic
Inflation in One Page [2] by Henry Hazlitt
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/feared-fed-reaction-to-cpi-floors-stock-market/
URLs in this post:
[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/17/AR2006051700505.html
[2] Inflation in One Page: http://www.fee.org/publications/the-freeman/article.asp?aid=160
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