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Stocks Fall Amid Inflation Concerns

AP   |  Tim Paradis   |   December 14, 2007 12:24 PM

Read More: Federal Reserve, Labor Department, Nyse, Stocks, Stocks Fall, Breaking Business News
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Stocks fell Friday after a jump in consumer inflation raised concerns about how much freedom the Federal Reserve has to continue cutting interest rates.

The Labor Department said the consumer price index rose 0.8 percent in November amid a spike in gasoline prices. The report also found large increases in the cost of clothing, airline tickets and prescription drugs.

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- dryfactoidobotanoid I'm a Fan of dryfactoidobotanoid permalink

inflation is such an interesting concept.

how do you measure inflation?

the cost of food is going up, and it's more and more poisoned.

the cost of computer-ish stuff is going down, and also full of toxins.

the cost of energy is going up, but SUVs are popular as ever.

Greenspan was right about at least one thing: the central bankers can't control everything.

    Favorite    Flag as abusive Posted 12:45 PM on 12/14/2007
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