Sunday, December 16, 2007

Inflation hottest in two years, output solid (Reuters)



A Chevron oil refinery sits behind homes and office buildings in Richmond, California, November 6, 2007. Consumer prices jumped a bigger-than-expected 0.8 percent in November, the sharpest climb in more than two years and driven by surging energy costs, a government report released on Friday showed. (Kimberly White/Reuters)Reuters - Consumer prices rose the most in
more than two years in November as energy costs surged and a
host of other prices marched higher, damping prospects of
further interest-rate cuts from the Federal Reserve.




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