The Traderszone Network

Published in TZ Latest News 26 February, 2015 by The TZ Newswire Staff

Lower gasoline prices dampen U.S. consumer inflation

U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates. Other data on Thursday showed a rebound in business investment spending plans and a steadily firming labor market, suggesting the move into deflation territory would be brief. In addition, gasoline prices have been rising in recent weeks.

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