U.S. sees lowest infation since 1960

Source: Bloomberg
© Scanpix/AFP
The U.S. inflation of consumer goods and services, excluding energy and food, rose only 1.1% this year through April. It was the smallest increase in the gauge since the recording began in 1960. This might give incentives to Ben Bernanke to continue with the Fed's stimulus as inflation falls far below its target of 2%. The speech by the head of the Fed scheduled today will be followed by release of FOMC forecasts on economic activity.
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Wed, 19 Jun 2013 13:25:04 GMT

Pound loses agaist major currecies after BoE minutes

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