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U.S. Inflation Data Supports Fed Patience on Rate Hikes

Wednesday, 10 April 2019 19:48 WIB Ekonomi AS CPI Amerika U.S. Inflation

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 “be patient as it determines what...

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