Consumer Inflation Muted, Supports More Fed Easing

WASHINGTON (Reuters) - Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment.

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BING NEWS:
  • US consumer spending rises moderately; inflation muted
    Inflation continued to be muted ... PCE is the Fed's preferred inflation measure. It has undershot the U.S. central bank's 2 percent target for the past five years. The combination of moderate consumer spending and benign inflation supports the view ...
    08/31/2017 - 9:35 am | View Link
  • U.S. consumer spending rises moderately; inflation muted
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    08/31/2017 - 9:33 am | View Link
  • U.S. consumer spending rises moderately; inflation muted
    Inflation continued to be muted ... PCE is the Fed's preferred inflation measure. It has undershot the U.S. central bank's 2 percent target for the past five years. The combination of moderate consumer spending and benign inflation supports the view ...
    08/31/2017 - 1:42 am | View Link
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