News
WSJ | Door Wide Open to Australian Rate Cut
The consumer-price index rose 0.6% in the July-September quarter compared with the previous three months, and by 3.5% from the year-earlier period, the Australian Bureau of Statistics said. Both figures matched the median forecasts of 19 economists surveyed by Dow Jones Newswires.
WSJ | Prices Rising, for Better and Worse
The U.S. Agriculture Department on Tuesday said it expects retail food prices to increase 3.5% to 4.5% this year, after climbing just 0.8% in 2010, the slowest rate since 1962.
Econ Comments
Washington Times | CUNNINGHAM: This twist doesn’t have the right moves
Fed plan to jump-start business expansion is unlikely to work.
Blogs
WSJ: Real Time Economcis | Why Don’t Gas Prices Fall When Oil Does?
When most Americans — including economists and newspaper reporters — talk about “oil prices,” they’re referring to West Texas Intermediate, or WTI, the grade of light, sweet crude that’s the basis for contracts traded on the New York Mercantile Exchange.
Reason Foundation | Don’t Believe Everything You Read – Inflation is NOT Peaking
Despite what headlines have been touting about falling commodity prices and the easing of inflation pressures, reporters should check again, prices are rising.
