You are here

Inflation now guiding light for Fed in rate-rise path

Friday, January 8, 2016 - 05:50
BT_20160108_NAHFOMC8_2056418.jpg
The Fed has missed its 2% inflation target for over 3 years as slumping oil and commodities and a stronger US dollar have kept a lid on prices.

Washington

US Federal Reserve policy makers dwelled on inflation performance at their December meeting, minutes of the gathering showed, in a sign price pressures will play a larger role in setting the pace of interest rate increases this year.

"The Fed's focus is now really on