AUTOREFRESH 
DATA REACT: “Without a change in policy, the Fed be..
DATA REACT: “Without a change in policy, the Fed could be making another
serious policy mistake, similar to the 1% interest rate mistake after
the last recession,” says FTA’s Brian Wesbury. That was his bottom line
after seeing this morning’s PPI.
He notes – “Producer price inflation took a breather in February but
will come back with a vengeance next month. The decline in producer
prices in February was primarily the result of a big drop in energy
prices that we all know has been reversed in March. As a result, the
Federal Reserve is not off the hook. Even without the likely surge in
March, the underlying trend in producer prices is already signaling
danger…As the economy keeps picking up steam and the V-shaped recovery
continues, zero percent interest rates from the Fed are increasingly
unwarranted.”
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