The majority of economists believe that the economy is still too weak for the recent price increases to last, and thus they are not worried. This past Tuesday there was a two-day meeting with the Federal Reserve. The purpose of the meeting was to weigh the unexpectedly increased wholesale inflation. The article reveals that the Federal Reserve could be forced to begin raising interest rates sooner than what was initially anticipated, should inflation pressures continue to maintain their consistency. The Federal Reserve has continued to maintain record lows regarding rates in hopes to boost the lackluster economic recovery. And therefore, it is unlikely the Federal Reserve will raise a key rate by the end of their meeting on Wednesday. Regardless of what ends up happening it has been such a nerve-wracking experience for most of us as we are clueless of the end result and what is ahead of us in the near future.
http://finance.yahoo.com/news/Rise-in-wholesale-inflation-apf-571550090.html?x=0
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