Consumer Prices Bear Out Yellen's Subdued Inflation Outlook

  • Prices excluding food, fuel show smallest gain in seven months
  • Biggest drop in clothing costs since 1998 restrains core index

Lockhart: Consumers Cast Doubt on Economic Forecast

The pickup in consumer prices at the start of 2016 just about stalled out in March, supporting Federal Reserve Chair Janet Yellen’s view that the central bank should raise interest rates only gradually.

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