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Stocks Dip on Inflation Data

Market News Video
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December 15, 2009 AT 11:52 AM
Wholesale inflation data, known as the producer price index, rose by more than expected today, causing stocks to fall on expectations that the Federal Reserve may consider a future interest rate hike to keep inflation in check. Wholesale prices, according to the Labor Department, jumped 1.8 percent in November, more than double what analysts expected.