This press release confirms the falling price of gold, silver, and copper: inflation is not a threat at this time. This was released on April 17.
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% (1.1% annualized rate) in March. . . .
Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers fell 0.2% (-2.2% annualized rate) in March. The CPI less food and energy increased 0.1% (1.3% annualized rate) on a seasonally adjusted basis.
Over the last 12 months, the median CPI rose 2.1%, the trimmed-mean CPI rose 1.7%, the CPI rose 1.5%, and the CPI less food and energy rose 1.9%
Does this look as though the economic recovery is on its last legs? Yes.
Does this look as though the public is spending wildly to buy consumer goods? No.
Does this look as though the Federal Reserve is likely to stop buying $1 trillion in government bonds this year? No.
Does this indicate that the federal deficit of $1 trillion a year is restoring prosperity? No.