All Business: Are Current Inflation Worries Unjustified?
The Columbian › October 09, 2005
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Summary
With Clorox Co. and FedEx Corp. announcing big price increases, business executives wringing their hands about sharply higher costs and Federal Reserve officials openly discussing their pricing concerns, inflation suddenly seems to be public enemy No. 1.
But it's probably worth taking a breath or two before declaring the economy to be in big trouble. For starters, the Fed is dealing with inflation by continuing to raise interest rates. Plus, history shows that price surges after natural disasters like Hurricane Katrina rarely stay for long.See the full content of this document
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All Business: Are Current Inflation Worries Unjustified?
Of course, such a sanguine outlook might be hard to comprehend given the current evidence to the contrary. While energy and other commodity prices have risen significantly in recent years, the gains accelerat...
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