May 26, 2003


  • Interesting, but I don't know that I agree with the content. I haven't noticed the yield curve flattening in the last ten days, but I don't know when this article was written. I don't agree that the Fed is becoming reactive instead of proactive either. I also don't understand what a "core PCE deflator" is and it wasn't defined anywhere in the article. Perhaps I should know that, but I don't. I also didn't know what "GSFCI" stood for - I am assuming something like Goldman, Sachs ------ Core Inflation. Pam Tucker
  • Very timely and appropriate. Thank you.