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LATEST US DATA

Inflation, housing numbers bolster rate hike argument

CPI up 0.3 per cent in June after increasing 0.4 per cent in May
Saturday, July 18, 2015 - 05:50
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US consumer prices rose for a fifth straight month in June as the cost of petrol and a range of other goods increased, further signs of firming inflation that strengthen the case for an interest rate hike this year.

Washington

US consumer prices rose for a fifth straight month in June as the cost of petrol and a range of other goods increased, further signs of firming inflation that strengthen the case for an interest rate hike this year.

Other data on Friday suggested the economy could