53 minutes ago By BusinessWeek, Standard & Poor's, and Action Economics staffA series of economic reports released Feb. 26 delivered bad news on wholesale inflation, housing prices, and the mood of the consumer, offering a stark display of the range of problems faced by the U.S. economy.
The real attention-getter was an outsized increase in the producer price index (PPI) for January. The headline PPI jumped 1.0% on the month, and rose 0.4% excluding food and energy prices. The readings were much more than economists' consensus expectation of increases of 0.3% for the headline and 0.2% for the core.
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