Stocks Fall Amid Inflation Concerns
AP:
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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First Posted: 12-14-07 12:24 PM | Updated: 03-28-08 02:45 AM