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Sample Essay on Review Article for Consumer Prices Jump 0.4% in May by Josh Mitchell

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Sample Essay on Review Article for Consumer Prices Jump 0.4% in May by Josh Mitchell

This article mainly discuses the issue of inflated prices for goods in the United States. As indicated by Mitchell, the prices of goods have increased by 0.4 % for the consumers in the U.S. This is indicated to have taken place in May, 2014 (par. 1).

This issue is depicted to be serious in the sense that it is the fastest increase of goods since February 2014. In over a year, the consumers prices rose fastest last month. It is well explained by detailed provision of statistics. For instance, it is shown that there was a 0.3% increase in April. The article is very insightful in the sense that it makes use of these statistics to prove earlier predictions about what the rate of inflation was probable to be in the future. For instance, the speculation that it was bound to rise by 0.2% in May can no longer be considered too pessimistic (par. 5).

One of its biggest impacts is the weighing down of Fed as is expected during the meeting by policy makers. In this case, it is a reflection of an impending run for higher costs of inflation. It is a sign of a standalone inflation that will result to the Fed backing off from purchasing bonds so as to spur inflation (par. 3).

The writer makes a great attempt to show how the enhancement in price of consumer products  is likely to affect both the policy makers and the consumers. He shows that it will be made worse during the debates that focus on when to raise interest rates on a short-term basis (par. 2). However, he does not clearly explain how the 0.4% inflation raise is going to negatively impact on the consumers.

 

 

Works Cited

Mitchell, Josh. (2014). Consumer Prices Jump 0.4% in May: Fastest Increase Since February         2013; Could Weigh on Fed as Policy Makers Meet. The Wall Street Journal, June 17.

 

 

 

 

 

 

 

 

 

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