Whew! Inflation at bay from faltering economy.

Analysts are relieved.

(AFP) But Fed chairman Ben Bernanke has stressed that he believes cooling growth should curb inflation in the coming months, despite the high energy prices and budding wage pressures.

(AP) Many analysts believe Fed Chairman Ben Bernanke and his colleagues will decide they don't need to raise rates further, at least for now, because of growing signs that the economy is slowing.

Whew. That was close. The "booming economy" almost reached down into middle class wages.