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U.S. wholesale prices came in hotter than expected last month with progress against inflation appearing to have stalled, further undercutting expectations for lower interest rates this year.
Wholesale prices moved up 0.4 percent in January to hit a 3.5 percent annual increase, undergirding consumer inflation that broke 3 percent last month for the first time since the second quarter ...
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.