Stocks Slide as Producer Prices Rise and Retail Sales Disappoint
US markets have turned downward in the last few minutes following the release of several significant economic reports which suggest a stagflationary environment heading into next week’s FOMC meeting. US Producer prices (1.9% vs street 1.1% and previous 0.9%) jumped upward, suggesting inflation pressures are starting to build again. US retail sales (0.6% vs street […]