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U.S. consumer prices unchanged; retail sales fall again

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Federal Reserve this year.Still, the economy likely gained speed in the second quarter after a sluggish performance at the start of the year. Other data on Friday showed industrial production picked up in June amid a rise in output at mines and factories.The Labor Department said the unchanged reading in its Consumer Price Index came as the ...

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First Published: Fri, July 14 2017. 20:26 IST
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