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US November Wholesale Inflation Higher Than Expected

Posted by Scott Boyd at 8:56 am UTC, 12/15/2009

The US Labor Department said today that inflation at the wholesale level jumped 1.8 percent in November, nearly doubling the prediction of a 0.8 percent increase. This unexpected increase will no doubt make the agenda at the Federal Reserve’s two-day interest rate meeting starting today.

Associated Press

Filed under: Forex Round Up, USD

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May
22
Today’s Global
Market Events
6:15am
USD
FOMC Member Lockhart Speaks
10:00am
EUR
Consumer Confidence
-20 vs. -20
USD
Existing Home Sales
4.64M vs. 4.48M
USD
Richmond Manufacturing Index
12 vs. 14
7:50pm
JPY
Trade Balance
-0.60T vs. -0.62T
8:00pm
AUD
CB Leading Index m/m
0.0%
8:30pm
AUD
MI Leading Index m/m
0.2%
Tentative
JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%