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JAN 16, 2013 - Yahoo! News

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Consumer price index points to soft inflation, helps give Fed room

WASHINGTON (Reuters) - U.S. consumer prices were flat in December, pointing to muted inflation pressures that should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path. The Labor Department said on Wednesday its Consumer Price Index was unchanged last month, held back by a drop in gasoline prices. The reading was in line with analysts' expectations in a Reuters poll. Last month, the Fed said it would keep interest rates near zero at least until the jobless rate falls to 6. ...

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