The lowest inflation since the brink of the Kennedy-era economic boom in the 1960s is buying time for Federal Reserve chairman Ben Bernanke to press on with the central bank’s $85 billion in monthly bond purchases.
A gauge of consumer prices excluding food and energy that is watched by the Fed rose 1.1 per cent in the year through April, matching the smallest gain since records started in 1960. With inflation below the Fed’s...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team