Utilities Rise After Soft Inflation Data -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators rose after soft inflation data opened the door to a possible pause in interest-rate hikes.

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With consumer prices rising, on average, a mere 0.2% in June, investors were mindful of Federal Reserve Chairwoman Janet Yellen's comments about the central bank's plans being subject to change, if soft inflation persisted. A lower-interest rate outlook could revive demand for utility stocks, which often move in tandem with bonds.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 14, 2017 17:11 ET (21:11 GMT)