While the rebound points to sustained economic strength, other data on Tuesday showed inflation largely under wraps, which could give the Federal Reserve room to maintain its ultra-easy monetary policy stance for a bit longer. “The Fed will find these data further supportive of the go-it-slow approach to exiting its accommodative policies,” said Dan Greenhaus, chief strategist at BTIG in New York. Separately, the Labor Department said its Consumer Price Index edged up 0.1 percent last month as declining energy costs partially offset increases in food and rents.