U.S. Inflation Drops Again, But Further Rate Hikes May Be Needed ...Middle East

US inflation eased for the seventh month in a row in January, but the pace of decline is beginning to level off, official figures out today reveal. The pace of price increases in the world’s largest economy on an annual basis fell to 6.4 percent, down from 6.5 percent, according to the US Bureau of Labor Statistics. Over the last month, prices increased 0.5 percent, beating Wall Street’s expectations but climbing from a 0.1 percent fall. The new figures illustrate that the velocity of price pressures easing is losing momentum after…

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