WASHINGTON (Reuters) - Consumer prices unexpectedly fell in April, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some time.
Reuters: Business News, Reuters: Business
Wed, 05/19/2010 - 6:27am
WASHINGTON (Reuters) - Consumer prices unexpectedly fell in April, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some time.