Richard Drew/AP US stocks dropped on Friday after November's PPI data showed wholesale prices rising more than expected. Prices paid by producers rose 0.3% last month from the prior month, higher than estimates of 0.2%. The report raises tensions ahead of next week's consumer inflation report and key Fed policy meeting.
Us Stocks Fall After Wholesale Inflation Reading Shows Prices Are Still Rising
madams@businessinsider.com (Max Adams), Business Insider
Fri, 12/09/2022 - 7:36am
Topics: richard drew/ap november's ppi prices november's producer price index s&p jones industrial average composite jpmorgan asset management wall street bill ackman warren buffett june saudi west texas intermediate the treasury 119 read business insider november ppi fed arabia stocks wholesale inflation rising friday report week rates rose month showed meeting bonds prior data barrel higher consumer oil policy key trading fund
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