The rise in
the annual inflation gauges reported by the Commerce Department was anticipated by economists and Fed officials and is not expected to alter the US central bank's gradual pace of interest rate increases.
Not exact matches
The index, which the BOJ scrutinises in
gauging the broad price trend, showed
annual consumer
inflation slowed to 1.1 % in January from 1.3 % in December.
This appears for now to be a sizeable hurdle to the Bank tightening, not least because the effect of a weaker pound on the
annual gauges of
inflation should start to fade by the end of 2017.
The Fed's policy statement acknowledged
inflation was heading toward the central bank's
annual 2 % target, with the Fed's preferred
inflation gauge, the personal - consumption expenditures index for March, rising to a 12 - month rate of 2 % for the first time in a year.
And that's only if you believe
inflation gauges placing the
annual rate in the neighborhood of 2 %.