Inflation

U.S. inflationary pressures were up slightly in June, according to data released Friday morning by the Economic Cycle Research Institute.

One more rate hike should remain appropriate this year, Federal Reserve Bank of Philadelphia President Patrick Harker said Tuesday, although he said he thinks it will take a little longer than he expected for inflation to hit the Fed’s 2% target.

Business inflation softened in May as services - including profit margins - were firm, but goods prices counterbalanced with a big decline.

Inflation expectations fell and consumers expect to spend less, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

The consumer price index rose 0.2% in April as expected, the Bureau of Labor Statistics reported. It had declined 0.3% in March.

U.S. inflationary pressures were unchanged in April, according to data released Friday morning by the Economic Cycle Research Institute.

U.S. inflationary pressures were down in March, as the U.S. future inflation gauge decreased to 113.2 from a 113.5 reading in February, according to data released Friday morning by the Economic Cycle Research Institute.