Inflation rises 2% in March (18.7% for food and fuel)

http://www.breitbart.com/article.php?id=CNG.f4ca4a183df2102e9ad9338f1c9b7c75.171&show_article=1

Energy and food costs rose 18.7 percent against March 2009, up almost four percentage points compared with February.

Without food and energy spending the inflation level remained stable at 1.3 percent.

The Federal Reserve last Wednesday vowed to keep historically low interest rates for an "extended period," amid "subdued" inflation trends.

Pointing to a slightly quickening economic recovery, the Fed said labor and housing markets showed glimmers of improvement and spending had ticked up

Most will see this and say "ho-hum" those who know a touch about Economics know this is merely the beginning of what is about to happen in the US Economy, the Fed is forced to keep interest rates low as the article mentions, however the Spending has already happened and Jobs have not been created, meaning the rates will remain low.

Which will cause a sort of Catch-22 spiral, cannot find a job, prices increase to the point once a job is found Wages will have not only lost ground to Inflation, but there is no upwards pressure on Wages meaning one's spendable income pie will grow smaller and smaller as Inflation corrodes the value of the money one is paid with...which is what happened under the Carter Administration.