The Labor Department reported that consumer prices rose by 0.3 percent last month, the biggest monthly increase since a 0.7 percent rise in July. Core inflation, which excludes energy and food, showed a modest increase of 0.2 percent, slightly higher than the 0.1 percent gain economists expected. Over the past 12 months, core inflation rose 1.7 percent, the lowest reading since a similar increase for the 12 months ending in August 2004.
Bank of America Corp. (BAC) Chief Executive Ken… Continue
Posted on February 20, 2009 at 11:45am