Fiat Follies

The Credit Strategist Blog

Consumer prices rose by 0.4% in February and 3.2% from a year ago, in-line with expectations but still measurably higher than the Fed’s 2% target for lowering interest rates. Core prices (excluding food and energy were up 0.4% on the month and 3.8% year-over-year). The culprits were higher energy costs (gas prices jumped 3.8%) and shelter costs with p…