Daily Traders Edge

US core inflation picks up, adding support for Fed tightening

February 19
18:11 2016

US consumer prices were flat in January but core prices rose 0.3 percent in a potential pickup in inflationary pressures, US data showed Friday. Analysts said the numbers, stronger than expected, added support to the Federal Reserve's track for slowly tightening monetary policy this year, even as other major central banks cut rates to stimulate growth. Falling energy prices again held down the overall consumer price index, and food prices were unchanged.

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