...and no inflation. Zero Interest Rate Policy in effect. No inflation. Once again, preservation of the proper methods is pursued in the face of common sense and to the detriment of the Global Economy.
From the New York Times:
Consumer prices remained mostly flat in August, according to a government report released Friday, another sign that inflation is so tame that the economy could be on the brink of deflation.
Just days ahead of a Federal Reserve policy meeting, the Labor Department said the Consumer Price Index, a benchmark measure of inflation, rose 0.3 percent in August, compared with 0.3 percent in July, on a seasonally adjusted basis. Excluding volatile energy and food prices, the core index was flat in August. It had risen 0.1 percent in July, and 0.2 percent in June.