May 20, 2010
The Associated Press
WASHINGTON -- Inflation has essentially disappeared, and that gives the Federal Reserve more room to keep interest rates at record lows.
Consumer prices fell in April for the first time in more than a year. The figures released Wednesday were welcome news for people who qualify for loans and want to take on more debt. But low rates hurt savers, especially those on fixed incomes.
So let's stop with all the saving and get spending! (and by "let's" I mean you, not me.)
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