Friday, May 26, 2006

US: Fastest increase in inflation in 12 months exceeds Fed comfort zone

Inflation rises above Fed comfort zone

Consumer spending increased at April at the fastest pace for three months but much of the increased was absorbed by higher fuel prices. Inflation increased at the fastest pace in twelve months adding to speculation that the Fed will continue to keep rising rates to control mounting inflationary pressures.

Posted by denzil @ 08:04 PM (685 views)
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