Sinking Like a STONE
US Producer Price Index down 0.5% in Feb vs. up 0.3% expected
U.S. producer prices unexpectedly fell in February on weak trade margins, pointing to muted inflation pressures that could argue against an anticipated June interest rate hike from the Federal Reserve.
The Labor Department said on Friday its producer price index for final demand fell 0.5 percent after dropping 0.8 percent in January. It was the fourth straight monthly decline in the PPI.
Biz, Nanny State, Politics | tree hugging sister | 
March 13, 2015 9:13 am
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