Consumer Price Rise Quickens, Giving Fed a Basis to Raise Rates
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Consumer prices picked up momentum in September, with the most difficulty for people paying for medical care, education and gasoline, the Labor Department reported Tuesday.
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The U.S. Federal Reserve on  Wednesday raised interest rates for a sixth straight time,  extending a policy of gradually lifting borrowing costs to  levels high enough to ward off inflation pressures.
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The Federal Reserve raised short-term interest rates on Tuesday for the fifth time this year and suggested that more rate increases are in order in the months ahead.
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Consumer prices calmed in November, helped by smaller hikes in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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The Federal Reserve raised U.S.  interest rates on Tuesday by a quarter-percentage point for the  fifth time this year and said it will keep gradually lifting  them from rock-bottom levels as the economy grows.
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The Federal Reserve yesterday raised its key interest rate to the highest level in three years, suggesting more increases will follow as the economy gains strength.
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The Federal Reserve raised U.S.  interest rates on Wednesday by a quarter percentage point for a  fourth time this year, citing brightening job markets that  likely mean more increases lie ahead.
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WASHINGTON - Consumer prices barely budged last month, suggesting that inflation isn&#39;t currently a problem for the economy and Federal Reserve policymakers can stick with a gradual approach to raising interest rates.
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Washington - With the US economy expanding at a respectable pace, companies hiring and consumers inclined to spend, Federal Reserve policy makers can feel comfortable about boosting short-term interest rates for a fourth time this year.
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The dollar rose on Friday, after a  U.S. report showed consumer prices in line with expections,  reminding investors that the Federal Reserve was likely to  continue raising interest rates, analysts said.
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Consumers stepped up their borrowing in July by the largest amount since the beginning of the year, the Federal Reserve reported Wednesday.
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The Federal Reserve raised short-term interest rates a quarter-point for the fourth time in five months Wednesday, extending its campaign to keep inflation in check after the economy showed impressive job growth over the past three months.
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The Federal Reserve raised interest rates by a quarter point on Tuesday as widely expected, saying growth &quot;appears to have regained some traction.
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Consumer prices rose an as-expected 0.2% last month, a government report showed Tuesday, but a sharp jump in lodging costs helped push so-called core inflation up at its fastest pace in five months.
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Consumer prices rose slightly in August, easing fears that inflation, which surged earlier this year, would rapidly pick up steam.
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WASHINGTON - The US Federal Reserve, as expected, boosted its key interest rate on Tuesday for the third time in three months as it tries to stay one step ahead of inflation by gradually raising rates from 42-year lows.
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Federal Reserve officials raised a key short-term interest rate yesterday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.