Wholesale prices pop and point to persistent inflation pressures in guts of the U.S. economy - MarketWatch
1. Wholesale prices rose 0.4%, above the forecast of 0.3%. 2. Annual wholesale inflation increased to 3.5%, highest in nearly two years. 3. High interest rates may persist due to inflation concerns. 4. Market expectations for interest rate cuts are diminishing. 5. DJIA declined by 0.50% amid inflationary pressures.