Stocks are lower in early trading after after wholesale inflation rose more than expected in November, led by surge in energy costs.Print money like we've been doing and it was only a matter of time. Look out, it's gonna get worse, a lot worse.
The increase will likely be discussed as Federal Reserve policymakers begin a two-day meeting on interest rates Tuesday. The Fed is expected to keep rates unchanged.
The Labor Department said wholesale prices jumped 1.8 percent last month, more than double the 0.8 percent gain analysts expected. Core inflation, which excludes energy and food, rose 0.5 percent, the biggest increase in more than a year.
Tuesday, December 15, 2009
Posted by traderrob at 7:31 AM