Stocks Futures Reverse Course After Disappointing Inflation Data
That wasn't the inflation figure investors were hoping to see. Fresh data released this morning showed the producer-price index rose 0.3% in November, higher than the 0.2% gain economists surveyed by The Wall Street Journal expected. This comes after wage data last Friday also disappointed investors. The latest figures show how tough it is to forecast where inflation will end up, complicating the Fed's task and potentially leading to an even bumpier path for investors along the way. Stock future