Thursday, March 15, 2007

Fed Rate Cut?

Food prices surged in today’s producer price report, rising 1.9 percent in February and 6.8 percent over the past twelve months. The CRB Spot Foodstuffs Index has risen 7 percent YTD and 23 percent year on year.

We’ll see what tomorrow’s CPI brings, but fast food prices should not be overlooked.