Consumer Prices Go Up... and People are Surprised?

According to a recent report, January consumer prices spiked up at "an unexpectedly strong 4.3 percent" rate. I'm not sure who wasn't expecting that... I've been saying for months that the continual cuts in the Fed's interest rates was going to cause inflation, and pretty much every economist I read has been saying the same thing.

And, oh yeah, the housing market still sucks.