The Producer Price Index, after falling in Nov. & Dec., was actually up in January... Certainly, having the core rate up .4% is good news... That's basically perfectly normal, and a good sign for the economy. The intermediate goods index continued to deflate, by 1.1% however, so we're not really out of the deflation woods yet...
Tomorrow, we'll get the CPI
In Defense of the Conventional Wisdom
37 minutes ago