Positive news for the U.S. economy. Consumer prices rose for the sixth straight month and July’s 0.1 percent jump was less than economists expected.
It could be enough to show the Federal Reserve that inflation has stabilized, a key factor in deciding whether to raise rates. Minutes from the Fed’s discussions last month show they were split on whether inflation had risen enough to justify an increase.
For more on U.S. housing construction, CCTV’s Michelle Makori spoke to Amir Korangy, Publisher of Real Deal magazine.
Follow Amir Korangy on Twitter @mrkorangy.