Flat U.S. consumer prices attributed to low energy costs
September's stagnant reading followed a modest 0.1% August increase
- October 10, 2019 October 10, 2019
- 11:22
September's stagnant reading followed a modest 0.1% August increase
New IMF head calls on countries to co-operate amid global slowdown
Consumer spending and business investment rose at slower rates than expected
Two officials preferred to keep rates unchanged and one argued for a bigger cut
The Fed chair was speaking in Switzerland on Friday
Powell's speech follows China's new tariffs announced earlier Friday
Fed set to cut key rate for the first time since the Great Recession
This is down from a 3.1% gain in the first quarter
The consumer price index increased 1.6% in June from a year earlier, the second straight monthly drop
Fed chair says trade tensions and slowing global growth have weighed on the economy