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Steady Increase Shown In U.S. Core Consumer Prices

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Core inflation increased more than expected in the U.S. in February, as costs of living and medical services continue to develop higher numbers. This will likely keep the Federal Reserve on course to extend interest rate increases in the coming months, but possibly projected only twice instead of four times. According to the The Labor Department, the Consumer Price Index (CPI) rose 0.3 percent last month, in response to a comparable growth in January. Additionally, the housing market and manufacturing both reflect strength and steadying, leading to a probable rate boost in June. Though the Federal Reserve system kept interest rates unchanged on March 16th, it maintains a rise to 2 percent objective, and is expected to sustain some rousing of inflation this year. Looking back to February 2015, the core CPI has gone up a full 2.3 percent in the last twelve months, which is the highest gain since May 2012.

Added on the 17/03/2016 12:42:08 - Copyright : Wochit

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