In my blogs, I have been warning that inflation seems inevitable even though Washington tries to tell us that they have everything under control. Well, maybe they don’t. It's time to prepare yourself for higher interest rates and higher costs.
U.S. core inflation, which excludes food and fuel prices, rose 0.3% in May, the biggest one-month increase in the past five years. The annual core inflation rate for the first five months of this year is 2.4%. The accelerating rate is likely to trigger interest-rate increases, experts said. See the full article below.
http://www.thefiscaltimes.com/Columns/2011/06/27/Core-Inflation-Rises-Interest-Rates-May-Follow.aspx
