Mother’s Day is this weekend, and since you all have a mom, I thought that this would be a nice public service reminder. Information released this morning shows that your Mother’s Day gift is going to cost 2.2% more than it did last year, unless you are buying mom a car. In that case it’ll set you back 3.6% more. Add in the rising cost of fuel and insurance and you are better off gifting Mom this classy mug. There’s a positive message on it, and a flower.
Just like Mom with her new mug, interest rates are pretty happy this morning. Despite upward pressures for the last month, the relatively low inflation numbers have put a spring in the step of Bond traders, who are pushing for lower interest rates. It’s another gift that just keeps on giving.