Low U.S. Inflation Means Good News For Indebted Consumers, Mortgage Rates
U.S. consumers can breathe a small sigh of relief, as consumer prices were unchanged for a third straight month in January.
Reuters reports the figures indicate the smallest annual increase in inflation in more than 1-1/2 years.
The Labor Department said on Wednesday its Consumer Price Index last month was held down by cheaper gasoline, which offset increases in the cost of food and rents.
That could allow the Federal Reserve to hold interest rates steady for a while.