Inflation in U.S. Shows Little Pickup as Fed Meets: Economy
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The cost of living in the U.S. was little changed in February, showing inflation remains well below the Federal Reserve’s goal as policy makers meet to decide on the path of interest rates.
The consumer-price index increased 0.1 percent, matching the advance in January and pushing the gain over the past 12 months down to 1.1 percent, the smallest since October, according to figures from the Labor Department issued today in Washington. Another report showed homebuilding was stabilizing after harsh winter weather curbed the construction industry.