Wall Street slips as US PPI inflation remains hotter than expected3 min read . Updated: 09 Dec 2022, 08:17 PM IST
- US futures took a U-turn early Friday after the government released its producer prices report showing that although inflation eased last month, it was still hot enough
Stocks are slipping on Wall Street after a report showed inflation is still hotter than expected, even though it is slowing. The S&P 500 was 0.3% lower and on pace for its sixth loss in the last seven days. The trigger was data showing prices at the wholesale level were 7.4% higher in November than a year earlier.
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