This is real money and youre the most important part of the show. Join our live conversation on twitter realmoney or facebook. Com ajrealmoney. New Inflation Numbers show prices overall in america only rose by a pinch in february. The Consumer Price index was up 1. 1 compared to the same time last year. Not so bad. But food prices overall are up about 1. 4 in the last year, and the government says americans should expect to see food prices rise by as much as 3. 5 in 2014. Now, if that is true, that would be the biggest increase in three years. Much of the rise will come from higher meat and dairy prices. Drought conditions in california and texas forced farmers and ranchers to cull their herds, but demand has been constant, so prices are increasing. Then theres milk. A growing appetite for it in asia is tightening supply here in america. Meanwhi meanwhile, prices for coffee and sugar are up because of dry weather in brazil. Coffee futures are up 72 since december. Hogs 43 more expensiv
This is real money and youre the most important part of the show. Join our live conversation on twitter realmoney or facebook. Com ajrealmoney. New Inflation Numbers show prices overall in america only rose by a pinch in february. The Consumer Price index was up 1. 1 compared to the same time last year. Not so bad. But food prices overall are up about 1. 4 in the last year, and the government says americans should expect to see food prices rise by as much as 3. 5 in 2014. Now, if that is true, that would be the biggest increase in three years. Much of the rise will come from higher meat and dairy prices. Drought conditions in california and texas forced farmers and ranchers to cull their herds, but demand has been constant, so prices are increasing. Then theres milk. A growing appetite for it in asia is tightening supply here in america. Meanwhi meanwhile, prices for coffee and sugar are up because of dry weather in brazil. Coffee futures are up 72 since december. Hogs 43 more expensiv
This is real money and youre the most important part of the show. Join our live conversation on twitter realmoney or facebook. Com ajrealmoney. New Inflation Numbers show prices overall in america only rose by a pinch in february. The Consumer Price index was up 1. 1 compared to the same time last year. Not so bad. But food prices overall are up about 1. 4 in the last year, and the government says americans should expect to see food prices rise by as much as 3. 5 in 2014. Now, if that is true, that would be the biggest increase in three years. Much of the rise will come from higher meat and dairy prices. Drought conditions in california and texas forced farmers and ranchers to cull their herds, but demand has been constant, so prices are increasing. Then theres milk. A growing appetite for it in asia is tightening supply here in america. Meanwhi meanwhile, prices for coffee and sugar are up because of dry weather in brazil. Coffee futures are up 72 since december. Hogs 43 more expensiv
Gold is trading back below 13 hundred and oil above 101 dollars as the traders fear unrest overseas could lead to supply problems. Amazon has plans for a free, advertising supported streaming service for tv and music. The news caused a 10 dollar sell off in netflix last night which streams movies. And a report says brookstone which is famous for upscale gadgets is preparing to file for bankruptcy. Trader Gary Kozlowski of united futures joins us on this friday morning. Good morning. Its been way too long since weve had you on the show gary. I feel the same way. Good morning to you. Whats going on with this tech trouble . Some of these momentum namesteslatheyre all starting to fall apart. Whats happening . Its not really a falling apart. What were seeing is a lot of the fund traders pulling back. This is the end of the First Quarter so we gotta keep that in the back of our mind. Come tuesday when the first of the month rolls around youll start to see people slowly creeping back in. One
Rising moderately and business fixed investment is advancing. While the recovery in the housing sector remains slow, fiscal policy is restraining Economic Growth although the extent of restraint is diminishing. Inflation has moved somewhat closer to the committees longerrun objective. Longer term Inflation Expectations have remained stable. Going to skip over redundant language from the last statement. This one says that beginning in august the fed will cut its qe bond purchases to 25 billion a month from 35 billion a month currently. Skipping forward again, over redundant language, the fed is maintaining the federal fund rate at 0 to a quarter percent once again. Finally getting to the vote, it was 91 this time with Philadelphia Fed president Charles Plosser dissenting and he is an inflation hawk. According to the statement he voted against it because he objected to the guidance indicating that it will likely be appropriate to maintain the current target rate for the federal fund rate