http://recessionalert.com/risk-of-u-s-economic-recession/

We're gettin' close to some kind of QE needed.....

After coming into 2016 with an expectation of three or four interest rate hikes through the year, market participants recently were viewing the Fed as likely raising interest rates only once, if at all, in light of weak inflation and global volatility.

But Friday's data showed the core consumer price index (CPI), a measure of underlying U.S. inflation, rose in January by the most in nearly 4-1/2 years to a 2.2 percent annualized rate. It drew particular attention as the number was above the Fed's 2.0 percent target, though it is not the central bank's benchmark inflation measure.

The uptick in price pressures has already shifted the market's expectations on the Fed's next move.

"The inflation numbers definitely caught the markets off guard," said Joseph Lavorgna, senior economist at Deutsche Bank in New York.

"Last week at this time the market was pricing a 25 percent chance of a rate hike by year-end and now it's over 40 percent and that's largely because of today's stronger than expected CPI."