Friday, December 16, 2011 3:24:05 PM
Dec 16, 2011 (MarketNewsVideo.com via COMTEX) -- Prices to U.S. consumers stayed the same from October to November, according
to a Labor Department report.
The consumer price index was flat in November, and rose 0.2%
excluding food and energy costs.
Over the last 12 months, consumer prices have risen 3.4%,
or 2.2% excluding food and energy costs.
The Federal Reserve pays close attention to
inflation data when it weighs its
monetary policy decisions.
The U.S. dollar is trading lower compared to
other major currencies, leading the U.S. Dollar
Bullish Fund (UUP) to trade down over .1%. The Euro
Trust (FXE) is trading up over .1%.
Stocks are generally trending higher, leading the
SPDR S&P 500 (SPY) to trade up over .6%.
Gold is trading higher Friday, leading the iShares Gold Trust (IAU) up 1.5%, and
the SPDR Gold Shares (GLD) to trade up about 1.5% as well.
Crude oil is trading lower, leading the DB Oil Fund (DBO) to trade down about
2%.
All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
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