Strong Inflation but Weak Sales Will Keep Fed on Rate Hike Path

Bond yields rose and stocks slumped after an unexpected rise in consumer inflation to its fastest pace in a year, making it more likely the Fed will raise interest rates three or more times this year. At the same time, January retail sales fell unexpectedly in their biggest drop since last February, declining 0.3 percent,…
http://betiforex.com/strong-inflation-but-weak-sales-will-keep-fed-on-rate-hike-path/