US inflation

Published November 3, 2006

WASHINGTON, Nov 2: US inflation may be past its peak but remains too high for comfort, Dallas Federal Reserve chief Richard Fisher said on Thursday. “First the good news: It is possible that the trend in overall consumer inflation has peaked and is finally heading lower,” he said in a speech in New York.

“Next, the not-so-good

NEWS: The overall inflation trend remains at a level above my comfort zone,” added Fisher.

—AFP