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>Don’t Be Fooled By Our Current Price Stability  - Frank Shostak - 
This is a very timely article. 8/17/2015 "Out of the blue, the Empire State (manufacturing) index has plunged deeply into negative column this month, to minus 14.92 in August vs plus 3.86 in July. This is by far the weakest reading of the recovery, since April 2009."
-From a summary of the quarterly Empire State Manufacturing Survey released on 8/17/2015 (credit to Bloomberg economic calendar)



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Beginning of the headline :The yearly rate of growth of the personal consumption expenditure (PCE) price index adjusted for food and energy stood at 1.3 percent in June — the same figure as in May. Note that on average since the beginning of this year the yearly rate of growth stood at 1.3 percent. Many economists have expressed satisfaction that the yearly rate of growth has been stable so far notwithstanding that it stood below the Fed’s target of 2 percent.Meanwhile, the yearly rate of growth of the overall personal co... Read More
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