Tuesday, December 19, 2006

biggest price jump in 30 years

biggest price jump in 30 yearsfrom agence france-presse: US inflation made a surprise comeback in November with a surprising 2.0% rise in wholesale prices, the biggest monthly jump in 30 years, the government has reported...

The surprise jump in prices challenges expectations from economists and the Federal Reserve that inflation is under control...

Some analysts say the Fed is in a bind because inflation remains troublesome despite soft economic growth.

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