(Time) — The consumer price index, which measures inflation, was out this morning and it was down slightly in April. Here’s what Calculated Risk had to say: The disinflationary trend continues – and with all the slack in the system (especially the 9.9% unemployment rate), it is hard to see inflation picking up any time soon. The high unemployment rate and low measured inflation suggest the Fed will hold the Fed funds rate at the current level for some time.
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