federal reserve

Inflation strengthens case for a June rate hike

Inflation strengthens case for a June rate hike

Two indicators of inflation this week showed rising wholesale and consumer prices, giving more credence to the likelihood the Federal Reserve will continue hiking interest rates.

Wednesday’s report on consumer prices showed inflation over the last 12 months is up 2.4 percent, according to the consumer price index, a metric of prices on common consumer goods. While the overall CPI number dipped 0.1 percent in March, the core rate of inflation increased 0.2 percent since February, after volatile food and gasoline prices were removed from the calculation.

Continue reading Inflation strengthens case for a June rate hike at Movement Mortgage Blog.

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