US stocks fall on PPI data, lithium deal affects ASX’s Sayona Mining
17 Feb 2023 – Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The producer price index, an inflation indicator that tracks wholesale prices, rose 0.7% in January, topping a Dow Jones consensus forecast for a 0.4% increase.
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