Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control.
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Jobless Claims for the week, Consumer Price Index for May, and Fed Balance Sheet for the week are the major highlights on Thursday.Asian shares finished broadly
Read more about Inflation fails to shake US mkts out of torpor, with Fed in driver s seat on Business Standard. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target
Analysis: Hotter inflation fails to shake U.S. markets out of torpor, with Fed in driver s seat Reuters 2 hrs ago
By Karen Pierog
CHICAGO (Reuters) - Investors are not freaking out over a spike in U.S. inflation in the past two months, showing confidence that the Federal Reserve is deftly handling a rebound in economic growth even as it leaves markets guessing about how it defines transitory when it talks about price increases.
In fact, Wall Street s benchmark index inched to a record high after days of sideways trading, and U.S. Treasury yields eased after Thursday s Labor Department report showed the consumer price index (CPI) in May had its biggest year-on-year jump in 13 years.