The US just got the latest sign that it could be awhile before the next rate hike
|02/13/2019||Posted by BusinessMediaguide.Com under General World News||
- The consumer price index, a key gauge of inflation, was unchanged in January.
- That could signal the Federal Reserve will stick to the dovish tone it took at its last meeting.
- “Chances of a rate hike this year are slim and getting slimmer,” one analyst said following the CPI data.
All eyes have been on inflation following the Federal Reserve’s apparent reversal towards a more dovish monetary-policy approach last month. And the latest reading suggests it could be awhile before borrowing costs rise, according to market watchers.