Like cupid with a Xanax arrow, Chicago Fed President Austan Goolsbee calmed markets this morning after the post-CPI freak out yesterday.  He reassured America that the Fed is absolutely expecting to see reports like yesterday’s release indicating that inflation is still higher than everyone would like, as we all patiently await a softening of price increases to the magical 2.0%.

Stocks and bonds are moderately higher as we ease our way sedatedly toward the closing bells in an hour.

Happy V-Day; I hope you eat a lot of chocolate.