Inflation Concerns

The Fed is always trying to walk the fine line between giving the economy room to grow and keeping inflation in check. CPI numbers confirm the appearance of inflation. Wall Street ran for cover upon this news. Inflation erodes real earnings and can dampen consumer spending. Of course, the biggest price problem in the mix is the price of gasoline. All indexes dropped over 1% for the day. Merry Christmas?? DJIA -178.11 NASDAQ -32.75 S&P 500 -20.46