U.S. inflation pressures modestly rise in July; Fed on track to raise rates

U.S. consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures that keeps the Federal Reserve on track to gradually raise interest rates. [Source]

Origin: reuters.com

Category: businessNews

Topics: track, inflation, rates, raise, pressures

Source Link: http://feeds.reuters.com/~r/reuters/businessNews/~3/NIC1RQnjOQs/u-s-inflation-pressures-modestly-rise-in-july-fed-on-track-to-raise-rates-idUSKBN1KV1EB