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June 13 (Bloomberg) -- U.S. consumer prices rose more than forecast in May as Americans paid more for fuel, underscoring the Federal Reserve's concern that inflation will pick up.
The consumer price index increased 0.6 percent, the most since November, after a 0.2 percent gain the prior month, the Labor Department said today in Washington. So-called core prices, which exclude food and energy, increased 0.2 percent, matching the median estimate of economists surveyed by Bloomberg News.
NQ found overnight support at its 200 ema (1929, Sep contract). Resistance is 1948.50, 1952.50, 1957.25.
The dollar has hit 50% resistance at 74.27.
Oil has support at 134.80, 134.45 and 132.35. Must hold is 130.40 on any breakdown.
June 13 (Bloomberg) -- U.S. consumer prices rose more than forecast in May as Americans paid more for fuel, underscoring the Federal Reserve's concern that inflation will pick up.
The consumer price index increased 0.6 percent, the most since November, after a 0.2 percent gain the prior month, the Labor Department said today in Washington. So-called core prices, which exclude food and energy, increased 0.2 percent, matching the median estimate of economists surveyed by Bloomberg News.
NQ found overnight support at its 200 ema (1929, Sep contract). Resistance is 1948.50, 1952.50, 1957.25.
The dollar has hit 50% resistance at 74.27.
Oil has support at 134.80, 134.45 and 132.35. Must hold is 130.40 on any breakdown.
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on Friday, June 13, 2008 at 6/13/2008 09:22:00 AM.
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