Firms gain ground, housing stabilizes in economic pickup
By Jeanna Smialek and Shobhana Chandra Bloomberg News
Posted: June 18, 2014 at 2:42 a.m.
Credit: Bloomberg News
Shoppers browse for souvenirs at the Main Market in San Antonio earlier this month. “Inflation in the U.S. is in a sweet spot,” one analyst said Tuesday.
Consumer prices rose in May by the most in more than a year, showing U.S. companies are gaining some pricing power as the economy strengthens, and the homebuilding industry stabilized after a first-quarter swoon.