Joel Salmeron, who works with Scott’s Miracle Grow, stocks his company’s products at a Home Depot store Tuesday in Chicago, Illinois, the United States. U.S. consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, keeping the Federal Reserve on course to raise interest rates this year. The economy, which has been on the back foot in recent months, received another boost from other data Tuesday showing new-home sales surged to a seven-year high in February and manufacturing activity gained some momentum in March. The upbeat reports came despite harsh weather and a strong dollar, which have contributed to slowing economic activity early in the first quarter.SD-Agencies
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