Source: United States & Canada – South China Morning PostConsumer inflation in the US cooled slightly more than expected in January, government data showed Friday, as energy prices dipped.
Analysts say the figure allows the Federal Reserve to cut interest rates again later this year, but warn that policymakers need to see sustained improvement to do so – despite US President Donald Trump’s insistence that there is virtually no inflation.
The consumer price index (CPI) rose 2.4 per cent year-on-year, the Department of Labour said, down from December’s…Read More