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Wed Apr 10, 2019, 02:22 PM

U.S. Consumer Prices Rise Solidly; but Underlying Trend Tame

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign against the backdrop of slowing domestic and global economic growth.

The mixed report from the Labor Department on Wednesday was broadly in line with the Federal Reserve’s view of inflation as being “muted,” economists said. The U.S. central bank last month suspended its three-year campaign to raise interest rates, dropping projections for any rate hikes this year after lifting borrowing costs four times in 2018.

“The report will only encourage the Fed to stay parked on the sidelines, awaiting clearer direction on inflation and the economy,” said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto.

The Labor Department said its Consumer Price Index rose 0.4 percent, boosted by increases in the costs of food, gasoline and rents. That was the biggest advance since January 2018 and followed a 0.2 percent gain in February.

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https://www.reuters.com/article/us-usa-economy-idUSKCN1RM1JW

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Reply U.S. Consumer Prices Rise Solidly; but Underlying Trend Tame (Original post)
RCW2014 Apr 2019 OP
Oldgeezer Apr 2019 #1

Response to RCW2014 (Original post)

Wed Apr 10, 2019, 06:31 PM

1. The signs of a growing economy comrade....

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