Inflation Will Fall to 2%

Remember all "the inflation will skyrocket this year" people like Siriusly Long and Peter Schiff?
They followed their rigid ideology and produced a talking point, and its turning out to be incorrect.


U.S. inflation will drop towards 2 percent, Richard Fisher, Dallas Federal Reserve Bank president, told CNBC Monday.

Richard W. Fisher, president of the Federal Bank of Dallas

Fisher said this downward trend meant he was unconcerned about price stability at present.

The headline Consumer Price Index , which includes food and energy prices, is currently at 3.8 percent on an annualized basis. The core CPI, which excludes the two volatile categories, is right at 2 percent.