Advertisement

Stock markets brace on stronger US inflation data

From BBC - February 14, 2018

US inflation rose faster than expected in January, stoking fears that interest rates rises will accelerate this year.

The Consumer Price Index measure of inflation grew by 0.5% against economists' forecasts of a 0.3% rise.

Earlier this month a report showed accelerating US wage growth. That raised concerns that the US Federal Reserve will have to raise interest rates earlier than previously thought.

The report on wages triggered days of volatility on the financial markets.

The US Bureau of Labour Statistics said there had been inflation across a number of areas including gasoline, clothing,medical care and food.

Advertisement

Continue reading at BBC »