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Modest rise in U.S. consumer prices may delay Fed rate hike

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inflation that could persuade a cautious Federal Reserve to delay raising interest rates until December.But with the labor market near full employment and economic growth accelerating, analysts expect the U.S. central bank will announce a plan to start unwinding its massive bond portfolio at its policy meeting next month."We believe the Fed will focus on the balance sheet in September, foregoing another rate ...

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First Published: Fri, August 11 2017. 21:34 IST
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