Apr
16
Falling Inflation, Retail Sales Bolster Fed’s Go-Slow Approach
By-
Core consumer-price index drops by the most since 1982
-
Sales at retailers fall for second month; car purchases slide
The economic case for a Federal Reserve interest-rate increase in June just became a little less solid.
Inflation took a surprising step back in March at the same time retail sales dropped for a second month, according to a pair of U.S. government reports on Friday. Labor Department data showed the consumer-price index fell a larger-than-forecast 0.3 percent, while a measure excluding food and energy fell by the most since 1982…
Falling Inflation, Retail Sales Bolster Fed’s Go-Slow Approach
