WASHINGTON - U.S. import prices fell in March as rising petroleum costs were offset by declining prices for other goods, a sign of muted inflation that supports the view the Federal Reserve will probably not raise interest rates in June.
Oil prices jumped above $79 a barrel to a 2009 high today before falling back as investors looked to the corporate earnings of big U.S. retailers this week for signs consumers may be regaining confidence.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »