From BLOOMBERG: —
The cost of living in the U.S. rose in March, while prices excluding food and energy were unexpectedly unchanged, indicating tame inflation is accompanying the economic recovery.
The 0.1 percent gain in the consumer price index was in line with expectations and followed no change in February, the Labor Department reported today in Washington. Excluding food and fuel, the so-called core rate held steady after rising 0.1 percent in February, reflecting cheaper rents and clothing….
“Inflation as a concern is relegated to the distant future,” said Guy Lebas, chief fixed income strategist at Janney Montgomery Scott LLC in Philadelphia. “It gives the Fed the flexibility to keep rates low for a while.”
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