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U.S. jobs market firming; inflation pressures easing

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking labor market slack that could allow the Federal Reserve to raise interest rates again this year despite moderate inflation growth. Inflation is unlikely to pick up any time soon as other data on Thursday showed import prices recorded their biggest drop in 15 months in May. The Fed on Wednesday raised interest rates for the second time this year, saying it expected economic activity to expand at a moderate pace and labor market conditions to ...

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First Published: Thu, June 15 2017. 18:37 IST