Further rate hikes from the Fed may not be necessary.
Guidelines aim to help planners make long-term projections
Core inflation readings rose by 2%
The consumer price index rose 1.9% compared to a year ago
The consumer price index climbed 1.5% compared with a year ago
Economists on average had expected an increase of 1.5%
The increase is likely due in part to a change in methodology
Weaker gasoline prices help deliver lowest inflation reading in a year
Increase fuelled by higher costs for gas, airline tickets
Inflation report comes ahead of the Bank of Canada’s interest rate decision next week