Latest Economic Data Thoroughly Mixed
Louise Story, finance reporter for the New York Times, joins The Takeaway to help parse the latest economic data. The Consumer Price Index remained flat in July, making for an annual decline of 2.1 percent ? the largest in 60 years. Industrial production, however, rose in July for only the second time since the recession officially began in December 2007. Story says that the minimal change in inflation is a good sign, which will allow the Fed to keep on its current monetary strategy.
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