Fed updates

Some updated Fed data and the WSJ analysis of the CPI and deflation risk.

Dallas Fed official gives Fed pat on the back.

It could be worse

Looks like the UK is taking a bigger hit in the public debt market then the US. Quick check today's US 5 year auction shows that there's still over 2 bids for every offering. Let's hope it stays that way or we won't be dependent upon the Fed printing money and then it's all downhill.