Fed’s Beige Book Confirms Inflation

Posted by Louis Navellier on 6/11/08 1:47 pm

The Federal Reserve’s Beige Book noted that “economic activity remained generally weak in late-April and May,” but there was little indication that the economy had deteriorated further.  However, the report did show increased inflation risk.  See The Wall Street Journal’s Beige Book Interactive Graphic.

As a result, this report confirms that interest rates likely hit their lows recently.

Read more interest rate blog posts.

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