(Reuters) - "And that allows for the economy to continue to grow...and
slowly, hopefully, bring down the inflation rates for CPI , the core CPI, to levels even closer to 2
percent as we move forward," Hoenig said.
Government data out earlier on Wednesday revised U.S. first
quarter productivity growth down to 1.0 percent from the 1.7
percent initially thought, while unit labor costs were lifted
to 1.8 percent from a more modest 0.6 preliminary reading.
Read more at Reuters.com Bonds News
slowly, hopefully, bring down the inflation rates for CPI , the core CPI, to levels even closer to 2
percent as we move forward," Hoenig said.
Government data out earlier on Wednesday revised U.S. first
quarter productivity growth down to 1.0 percent from the 1.7
percent initially thought, while unit labor costs were lifted
to 1.8 percent from a more modest 0.6 preliminary reading.
Read more at Reuters.com Bonds News
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