U.S. Inflation Data Supports Fed Patience on Rate Hikes
Wednesday, 10 April 2019 19:48 WIB | ECONOMY |Ekonomi ASCPI Amerika

Growth in U.S. consumer prices showed little variation in March, underlining the case for the Federal Reserve to maintain its current wait-and-see stance.

The consumer price index rose 1.9% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.0%. That compared to consensus forecasts for them to rise 1.8% and 2.1%, respectively.

For the month, the CPI and core CPI were up 0.4% and 0.1%, respectively.

The dollar held on to modest losses on the news, while stock index futures remained slightly higher.

As the Federal Reserve seeks to maintain core inflation close to 2%, the reading supports its current promise to œbe patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.

The U.S. central bank last month all but swore off raising interest rates again this year and indicated it intends to end the reduction of its massive $4.2 trillion balance sheet by September.

Source : Investing.com

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