8/15/2013

U.S. consumer prices edged up again in July, moving closer to the Federal Reserve's target range. The 0.2% month-on-month gain marks a "pretty subdued pace of inflation, but [it's] not getting any weaker," which is "probably a pretty welcome development for the Fed," said Julia Coronado, chief North America economist at BNP Paribas in New York.

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