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.

Sections:  news   business   
RELATED ARTICLES
  • Real 'Fault in Our Stars' couple reunited by hope
    Katie and Dalton Prager, a young couple who both have cystic fibrosis, celebrated happy news when they reunited Tuesday afternoon after nearly five months apart: Katie is on her way to getting a lifesaving lung transplant. More
  • Most popular baby names for 2012
    Top baby names for boys and girls in 2012. More
  • King, Messiah: New baby names suggest high hopes
    Talk about high expectations for a newborn: King and Messiah are among the fastest-rising baby names for American boys. They're just a little behind Major, the boy's name that jumped the most spots on the Social Security Administration's annual list of popular baby names. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Unemployment falls to 7.5%; job creation solid in April
    The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More
BING NEWS:
  • FTSE 100 closes higher as Dow Jones climbs after host of data
    The Philadelphia Fed index fell to a reading of 22.3 this month from ... On Tuesday, data revealed consumer price inflation eased back to 0.2% month-on-month in February from 0.3% a month earlier. In ...
    03/15/2018 - 7:05 am | View Link
  • Qatar- Gasoline buoys consumer prices in US inflation tame
    The firmness in retail sales should override the enduring mystery of low inflation to spur a December Fed rate hike, said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto. The Labor ...
    10/13/2017 - 5:39 pm | 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 consume...
    08/31/2017 - 1:42 am | View Link
  • U.S. economy cools in Q4, but consumer spending shines
    WASHINGTON, Jan 30 (Reuters) - U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending ... the Fed's ...
    01/30/2015 - 1:21 am | View Link
  • U.S. economy cools in Q4, but consumer spending shines
    "The level of consumer sentiment supports our view that consumer spending ... but still below levels that would bring inflation closer to the Fed's 2 percent target. Inflation pressures were muted in ...
    01/30/2015 - 12:50 am | View Link
  • More
BING SEARCH:
  • Wires
    48 Mins Ago *Gold expected to retest resistance at $1,299/ oz- technicals. Spot gold rose 0.6 percent to $1,293.55 per ounce as at 0604 GMT, heading for a fourth straight weekly gain.
    01/12/2019 - 2:11 am | View Website
  • Home [www.jamiesoncootebonds.com.au]
    JCB brings together a unique global network of bond market specialists, built over decades working in the world’s major financial centres. Central bankers, hedge fund, real money managers and leading economists contribute to JCB’s global perspective on portfolio construction and allocation relevant to the Australian Bond market.
    01/11/2019 - 11:19 pm | View Website
  • What I Am Reading – 2018
    What I Am Reading – 2018 on Yardeni Research. November 08 (Thursday) Markets S&P 500 and Dow surge in best rally after midterm elections since 1982 (C) Stock Markets Are Too Happy With the Election Outcome (W) U.S. Oil Falls for 8th Day in a Row as Supplies Surge (W) Bond Traders Are ‘Back to a Flattening Curve’ With Focus on Fed (B). Central banks
    01/11/2019 - 10:50 pm | View Website
  • Economic Research
    Preliminary versions of economic research. Did Consumers Want Less Debt? Consumer Credit Demand Versus Supply in the Wake of the 2008-2009 Financial Crisis
    01/11/2019 - 9:24 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    01/11/2019 - 9:10 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News