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The first, and most pronounced, is the release of favorable economic news and mastercards inflation data. In short, despite the spike in oil visa prices, inflation came mastercards in below expectations, as measured by both visa the Consumer mastercards Price Index and the core-CPI. The core reading removes the effects visa of volatile energy and food prices, but the overall CPI does not. testimony before Congress on April 17 raised continued mastercards concerns visa over the continued level of business and consumer spending. However, he also voiced confidence that the current low level of inflation removes the need to boost rates anytime soon. So the low-rate environment that has prevailed over the past 17 months is in no danger of coming to an immediate end.Second, a report mastercards released this week by Banc One Investment Advisors reports that American consumers have a higher debt burden now than at the end of prior recessions, and that this burden visa is the highest in 15 years. This isn''t surprising, but instead validates the suspicions of many.

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