Friday, May 22, 2015

US cost of living data may raise interest rates sooner

US markets have had an unexpected end-of-week shock with data that could cause the Federal Reserve to reconsider raising interest rates in the next few months. 

The Consumer Price Index has risen at its fastest rate in two years - putting pressure on inflation. 

As Nick Harper reports from New York, that could be enough to prompt the Fed to act sooner. 

IN: "We had..."
OUT: "....we thought." 
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CLIP 1: http://www.fsnradionews.com/feeds/0522CPI-nh1.mp3

Nick Harper in New York says the minutes from the last Federal Reserve meeting showed officials shying away from a quick rise. 

IN: "That seemed..."
OUT: "....all round."
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