Wholesale prices in the United States declined for a third month in November, reflecting lower costs for energy and cars. The 0.1 percent drop in the producer-price index followed a 0.2 percent dip the prior month, a Labor Department report showed today. The median estimate in a Bloomberg survey of 77 economists called for no change. The so-called core measure, which excludes food and energy, rose 0.1 percent. Prices of goods and materials used in the earlier stages of production fell for a second month as slow improvement in global markets limited demand. Scant signs of accelerating inflation indicate Federal Reserve policy makers meeting next week have more room to maintain their unprecedented $85 billion in monthly asset purchases in order to help spur the expansion.
Wholesale Prices in U.S. Fell for Third Month in November
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That’s right, Federal Reserve officials give speeches and interviews, and based on their comments, we can hone in on what may actually happen rather than listen to the fear mongering and hype fest that we find on cable news.
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