Fears of deflation rise as consumer prices drop 0.4 percent in December (A FAIT ACCOMPLI FOR THE FED??)

``The Fed said it plans to be patient about increasing the interest rates despite stronger economic signs including reduced unemployment and rising wages, with no plans to raise the interest rate until June at the earliest. If inflation stays low, the Fed may delay the first rate hike even longer because of deflationary concerns.'' -- Oh look, an excuse not to raise rates! Color us surprised...