April 29, 2016

WINNING THE WAR ON WAGES:

Tame U.S. inflation bolsters Fed caution on rate hikes (LUCIA MUTIKANI, 4/29/16, Reuters)

The tame inflation backdrop was reinforced by another report on Friday showing labor costs increasing moderately in the first quarter.

The Commerce Department said the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, edged up 0.1 percent last month after an upwardly revised 0.2 percent increase in February.

Posted by at April 29, 2016 6:10 PM

  

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