Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 
KTRS News

KTRS News

US CONSUMER PRICES ROSE JUST 0.2 PERCENT IN MARCH

Tuesday, 15 April 2014 06:41 Published in National News

WASHINGTON (AP) -- Lower U.S. gasoline prices kept consumer inflation in check last month, helping offset higher costs for food and clothing.

The Labor Department said Tuesday that the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases the previous two months. Prices have risen just 1.5 percent year over year. That remains well below the Federal Reserve's 2 percent target for inflation.

Excluding the volatile food and energy categories, core prices increased 0.2 percent in March and 1.7 percent in the past year.

Prices at the gas pump tumbled 1.7 percent in March, lowering costs for the entire energy category.

But food prices jumped 0.4 percent, led by increases in eggs, milk, butter, oranges, pork chops, ground beef and poultry. Prices for clothing, used cars and cable television also rose.

Overall, signs point to continued low inflation. Sluggish growth and a tough job market have limited price increases, making it harder for retailers and other businesses to charge more.

Consumer prices rose just 1.5 percent for all of 2013, down from 1.8 percent in 2012.

Though shoppers welcome lower prices, super-low inflation can stall economic growth. Lower prices encourage consumers to delay purchases. Extremely low inflation can also raise inflation-adjusted interest rates, thereby discouraging borrowing.

Still, low inflation has enabled the Fed to pursue extraordinary stimulus programs to try to boost economic growth.

The Fed is now trying to unwind some of that stimulus. It plans to buy $55 billion in bonds this month, down from $85 billion in March of last year. The bond purchases are intended to lower long-term rates, which can spur borrowing and spending.

Despite scaling back its purchases, Fed officials have expressed concern about inflation running below their target. As a result, the Fed is prepared to hold shorter-term rates near zero even if unemployment falls by roughly a percentage point from its current level of 6.7 percent. This suggests that the Fed might not raise rates until the middle of 2015.

© 2014 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED. Learn more about ourPRIVACY POLICY and TERMS OF USE.

Missouri Man Pleads Guilty To Child Porn Charges

Tuesday, 15 April 2014 08:38 Published in Local News
SPRINGFIELD, Mo. (AP) - A southwest Missouri man has admitted that he owned hundreds of images of child pornography.
Fifty-three-year-old James Harrison of West Plains pleaded guilty Monday to receiving and distributing child pornography over the Internet.
 
Prosecutors say they found 474 child pornography videos and 560 images of child pornography on Harrison's computers and digital media at his home.
The U.S. Attorney's office says in a news release that the victims ranged in age from 3 to 13 or 14.
 
Harrison faces a mandatory minimum sentence of five years in federal prison without parole, with the possibility of 20 years, plus a fine up to $250,000. No sentencing date has been set.
 
   No charges will be filed against a semi driver who struck and killed a man along Interstate 270 early Tuesday morning.  Police say the driver stopped immediately and cooperated with authorities.  
I   nvestigators say the truck driver couldn't have avoided hitting the man.  The victim had been walking across the westbound lanes of 270 in Florissant about 2:30 a.m. when he was hit.  
   The victim's name has not been released.   Police say they aren't sure why the man was walking on the interstate.
   The accident shut down all westbound lanes for several hours. All but one lane had reopened by 7 a.m.
 
   
 

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
FOOD COMPANIES CUT 6.4 TRILLION CALORIES

FOOD COMPANIES CUT 6.4 TRILLION CALORIES

WASHINGTON (AP) -- Some of the nation's largest food companies have cut calories in their products by more than 6.4 trillion, according to a new study. The study sponsored b...

MEDICARE: COST-SAVING CHANGES COMING FOR DIABETICS

MEDICARE: COST-SAVING CHANGES COMING FOR DIABETICS

WASHINGTON (AP) -- Medicare begins a major change next month that could save older diabetics money and time when they buy crucial supplies to test their blood sugar - but it also m...

MARKETING EFFORTS TO UNINSURED YOUTH RAMP UP

MARKETING EFFORTS TO UNINSURED YOUTH RAMP UP

MIAMI (AP) -- The so-called "young invincibles" are so important to the success of the Affordable Care Act that supporters and detractors are spending millions to reach them wit...

STUDY: SURGERY HELPS SOME PROSTATE CANCER PATIENTS

STUDY: SURGERY HELPS SOME PROSTATE CANCER PATIENTS

Surgery to remove the prostate saves lives compared to "watchful waiting" for some men whose cancers were found because they were causing symptoms, long-term results from a Scan...

HONG KONG REPORTS 2ND H7N9 BIRD FLU CASE

HONG KONG REPORTS 2ND H7N9 BIRD FLU CASE

HONG KONG (AP) -- Hong Kong reported its second human case of H7N9 bird flu just days after the first, raising fears that the virus is spreading beyond mainland China. The H...

IN UGANDA, A NURSE IS ACCUSED OF SPREADING HIV

IN UGANDA, A NURSE IS ACCUSED OF SPREADING HIV

KAMPALA, Uganda (AP) -- Goaded by journalists who wanted a clear view of her face, the Ugandan nurse looked dazed and on the verge of tears. The Ugandan press had dubbed her "th...

STUDY FINDS MANY PRETEENS HAVE HIGH CHOLESTEROL

STUDY FINDS MANY PRETEENS HAVE HIGH CHOLESTEROL

There's fresh evidence that a lot of young people could be headed for heart trouble. A large study of preteens in Texas found that about one-third ...

SCIENTISTS: CHINA BIRD VIRUS LIKELY SILENT THREAT

BEIJING (AP) -- Scientists taking a first look at the genetics of a bird flu strain that has killed three people in China said Wednesday that the virus could be harder to track tha...

© 2013 KTRS All Rights Reserved