Arab Today, arab today us inflation data shows signs of pickup as fed meets
Last Updated : GMT 11:54:19
Arab Today, arab today
Arab Today, arab today

US inflation data shows signs of pick-up as Fed meets

Arab Today, arab today

Arab Today, arab today US inflation data shows signs of pick-up as Fed meets

US consumer prices fell in February, led lower by another sharp decline in energy prices
Washington - AFP

US consumer prices fell in February, led lower by another sharp decline in energy prices, but core inflation rose firmly, official data showed Wednesday.

The Commerce Department's consumer price index (CPI) fell 0.2 percent in February, in line with expectations, after staying flat in January.

Overall energy prices dropped 6.0 percent, twice as much in the prior two months. Gasoline prices were down 13.0 percent.

Food prices edged up 0.2 percent from January.

Stripping out food and energy, the more indicative core CPI rose 0.3 percent in February, the same as in the prior month.

Year-over-year, consumer prices were up 1.0 percent and core prices 2.3 percent, above the Federal Reserve's 2.0 percent inflation target.

The Fed's policy arm, the Federal Open Market Committee, was meeting on Tuesday and Wednesday to review its outlook on expected interest rate increases, with the strength of inflation a key determinant of how soon the next hike could happen.

The Fed's preferred inflation measure has strengthened but remains shy of the target at 1.7 percent.

Because of that and other concerns, the FOMC is not expected to announce a change in interest rates after wrapping up the two-day meeting Wednesday afternoon.

But the FOMC could also indicate that the current level of the benchmark federal funds rate, an ultra-low 0.25-0.50 percent, might not hold for much longer.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us inflation data shows signs of pickup as fed meets Arab Today, arab today us inflation data shows signs of pickup as fed meets

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday