(Bloomberg) -- U.S. stock-index futures fell after
the government said a measure of inflation rose more than
forecast in the first quarter.
The Federal Reserve's preferred measure of inflation,
which strips out food and energy costs, rose at a 2.4 percent
annual rate, faster than the 2.2 percent previously estimated.
The government also said the economy grew at an annual rate of
0.7 percent in the first quarter, the slowest in four years.
The Commerce Department reports may signal that the Fed will
hold interest rates unchanged for months to come.
Read more at Bloomberg Stocks News
the government said a measure of inflation rose more than
forecast in the first quarter.
The Federal Reserve's preferred measure of inflation,
which strips out food and energy costs, rose at a 2.4 percent
annual rate, faster than the 2.2 percent previously estimated.
The government also said the economy grew at an annual rate of
0.7 percent in the first quarter, the slowest in four years.
The Commerce Department reports may signal that the Fed will
hold interest rates unchanged for months to come.
Read more at Bloomberg Stocks News
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