Americans are facing little overall inflation pressure with gasoline and grocery prices falling, potentially giving the Federal Reserve more leeway to keep interest rates low for a longer period. The consumer-price index was unchanged on a seasonally adjusted basis in July from the prior month, the Labor Department said Tuesday. A 4.7% fall in gasoline costs and a 0.2% decline in grocery items offset higher prices for shelter and...

Source: Wall Street Journal August 16, 2016 12:36 UTC