Inflation Strikes Again

The Dow sank 1.3% today, a continued effect of the rates increase by the Fed on Wednesday. The Dow was just 80 points shy of topping its record when it was derailed by traders, nervous at the prospects of inflation and interest rates. And we have a variety of causes to thank for inflation, high oil and gold prices to name a few. But not all the experts think inflation is out of control. Patrick Fearon, an economist at A.G. Edwards & Sons, expects inflation to slow down in the next few months. That would also mean no more increases from the Federal Reserve, and that's good news to end the week! DJIA: -119.74 Nasdaq: -28.92 S&P 500: -14.68