With all the "money printing", "monetization", "Quantitative Easing", etc. that the EOTers have consistently harped upon?
But you, dear readers, already know the answer.
Feb. 19 (Bloomberg) -- The cost of living in the U.S. rose in January less than anticipated and a measure of prices excluding food and fuel fell for the first time since 1982, indicating the recovery is showing few signs of inflation.
The consumer-price index increased 0.2 percent for a fifth straight month, led by higher fuel costs, Labor Department figures showed today in Washington. Excluding energy and food, the so-called core index unexpectedly fell 0.1 percent, reflecting a drop in new-car prices, clothing and shelter.
Companies may have little success raising prices with unemployment projected to end the year at 9.5 percent. The yield on the 10-year Treasury note fell after the report showed restrained inflation will allow Federal Reserve policy makers to keep interest rates close to zero to help support the recovery.