Slowing Economy & U.S. Inflation Unlisted Video

According to Reuters, U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years.
The report from the Labor Department on Tuesday also showed benign underlying inflation last month, which together with slowing economic growth support the Federal Reserve’s “patient” approach towards further interest rate increases this year.
Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania said, “We view the risks to the inflation outlook as weighted to the downside as the domestic economy has slowed more quickly than we had expected.”