Ahead Of The Bell: US Wholesale Prices
As long as the inflation outlook stays mild, the Fed said it plans to keep the short-term interest rate it controls near zero until the unemployment rate falls to at least 6.5 percent.
Inflation will likely tick up in coming months, mostly because gas prices have risen. Nationwide, the average price of gas was $3.75 a gallon on Tuesday, according to AAA. That's an increase of 45 cents a gallon in just the past month.
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