Pre-open (2):
June 17 (Bloomberg) -- Prices paid to U.S. producers rose more than forecast in May as higher fuel and food costs heightened the threat of inflation.
June 17 (Bloomberg) -- Prices paid to U.S. producers rose more than forecast in May as higher fuel and food costs heightened the threat of inflation.
The 1.4 percent jump was the biggest gain since November and followed a 0.2 percent increase in April, the Labor Department said today in Washington. So-called core producer prices that exclude fuel and food increased 0.2 percent, matching economists' projections.
Interestingly enough, bonds have a bid. Watch TNX 4.16% support.
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