U.S. stocks settled lower on Friday as robust producer price inflation data raised concerns that Federal Reserve may not consider lowering interest rate anytime soon.
U.S. stocks settled lower on Friday as robust producer price inflation data raised concerns that Federal Reserve may not consider lowering interest rate anytime soon.
Ahead of the Federal Reserve's monetary policy announcement later in the afternoon, the Labor Department released a report Wednesday morning showing producer prices in the U.
On the heels of yesterday's report showing consumer prices were unchanged, the Labor Department released a separate report on Wednesday showing an unexpected decrease in U.