If inflation doesn't roll over before growth turns negative, the economy is in for a tough second half of the year.
There are loud calls for the Federal Reserve to boost interest rates more aggressively.
High food and energy prices increase the risk of recession by hurting consumer spending.
The economy is encountering strong headwinds.
In this challenging environment, a fast-falling budget deficit could provide some relief.
This morning's CPI report came in hotter than expected.
Economic forces should push the dollar lower.
It would be wise for the Fed to take a slow and steady approach in battling inflation.
Taking an inventory of the fundamentals after a tumultuous first quarter.
The problem is one of population growth--the number of Americans aged 18 to 64 has risen by just 0.2% per year.
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