SocraticGadfly: More economic bad news

January 10, 2008

More economic bad news

It’s not horrible, but certainly not good. Weak December sales and Capital One being the latest credit/finance company to report problems are the latest poor economic news to hit the stands.

But, the Fed’s continuing inflation worries, fueled by high oil prices, have led at least one Fed governor to say he doesn’t see the Fed having a lot of rate-cut wiggle room.

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