U.S. consumer prices rose 0.5
percent in March, a bigger than expected gain that may make the
Federal Reserve more likely to raise interest rates this year.
February’s trade deficit narrowed as exports rose the most in
seven years.
Higher energy and transportation costs contributed to the
fourth straight increase in the consumer price index, the Labor
Department said in Washington. Consumer prices excluding volatile
food and energy rose 0.4 percent, the biggest increase in two
years. The trade deficit narrowed to $42.1 billion from a record
$42.5 billion, the Commerce Department said.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
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“There’s no question this report increases the heat on the
Fed to lift rates,” Christopher Low, chief economist at FTN
Financial in New York, said of the inflation figures.
Bloomberg News
