This is sort of interesting.* *The FOMC publishes their minutes a few weeks after each meeting.* They discussed inflation quite a bit at the last meeting, and the net result is that they see it rising, but not so much that they need to invoke the Taylor Principle nuke.* *Just 1/4-point at a time for now:
Bernanke just came out Tuesday and said inflation is up, but that energy inflation hasn't really hit the core goods yet.* *The fed seems to think it won't.* September CPI comes out on Thursday, and it'll probably show the biggest blip this year, but I assume it won't show a big blip in core.