The Traderszone Network

Published in TZ Latest News 16 September, 2014 by The TZ Newswire Staff

Weak gasoline, food prices dampen U.S. producer inflation

The Labor Department said on Tuesday falling gasoline and food prices restrained its producer price index for final demand last month. “The Fed has more time to allow monetary policy to work its way through the economy before feeling the need to raise rates,” said Jay Morelock, an economist at FTN Financial in New York.