Diabytes
US consumer prices News
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Policymakers are confronted with benign inflation and a tight a labor market as they weigh a third rate hike and announcing plans to start reducing the central bank`s $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities.
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US consumer prices in January rose at their fastest pace in nearly four years, a fresh sign that a pickup in inflation may be approaching, Labor Department figures showed Wednesday.
US consumer prices rose broadly in February as energy prices rebounded, pushing gasoline higher, the Labor Department reported Tuesday.
Falling oil prices pushed US consumer prices into their sharpest monthly drop in six years in December, according to government data released Friday.
The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs.
US Treasuries` prices fell on the CPI data, which analysts said may give the Fed more confidence in quickening an end of its extremely low interest rate regime.
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