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Meanwhile, inflation is dropping.
Meanwhile, inflation is dropping well below target, even as a growing number of analysts believe that the target itself has been set too low.
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That move is even more likely because inflation remains low, productivity growth is still strong, and oil prices, an important contributor to inflation, are dropping.
The figures were revised and inflation, which was dropping anyway, is now comfortably inside its target range of 3-6%.
Ever since Republicans retook the House, federal spending adjusted for inflation and population has been dropping fast: This is exactly the wrong thing to be doing in a still-depressed economy with interest rates at zero; my back of the envelope says that GDP would be at least 2 percent higher, and corporate profits at least 6 percent higher, if this wrong-headed austerity weren't taking place.
Inflation is down, interest rates are dropping, the rupee is stable, and fiscal and current-account deficits have shrunk.
The city's costs are rising faster than inflation, at a time when revenues are dropping.
The wages of production workers have been dropping for thirty years, adjusted for inflation, and their economic security has disappeared.
That is in line with other forecasts, but it is not nearly fast enough for the government to achieve its goal of cutting unemployment by half by 2014.Hence the anxious calls from the main trade-union federation and others on the left for inflation-targeting to be dropped in favour of a policy focused on job creation and faster growth.
That's a much bigger rise than economists had expected, and dampens hopes that UK inflation was finally dropping back to the Bank of England's target of 2%.
Their take home pay (after taxes and inflation are considered) dropped 0.3% in August, as their savings rate fell to just 3.7%, from 4.1% during the prior month.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com