24 Mar 2005 Inflation – Probably Overdone
Posted at 15:25h in The Friday BriefSince our last Brief a couple of weeks ago, inflation has taken center stage as the new hand-wringer. On March 2nd oil blew through its most recent high of $52.88 reached on October 26th. It now stands at $56.62 per barrel. But the economy seems relatively unfazed. That is until recently. It now appears that businesses are beginning to pass along their commodity and labor prices to consumers. On Tuesday, Greenspan seemed to confirm what many had been worrying about for months; that inflation is creeping back into the economy.