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U.S. consumer prices barely rise; underlying inflation muted

U.S. consumer prices barely rise; underlying inflation muted

WASHINGTON (Reuters) - U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year. The report from the Labor Department on Wednesday, however, showed some pockets of inflation, with rents and healthcare costs rising solidly,

Underlying U.S. producer inflation boosted by services

Underlying U.S. producer inflation boosted by services

WASHINGTON (Reuters) - Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in portfolio management service fees. The report from the Labor Department on Tuesday likely will support the Federal Reserve’s view that recent weak price readings are probably

Underlying U.S. producer inflation pushing higher

Underlying U.S. producer inflation pushing higher

WASHINGTON (Reuters) - U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in a range of other services, pointing to a steady pickup in underlying inflation pressures. The report from the Labor Department on Tuesday likely supports the Federal Reserve’s view that