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By: Zimbler0 in POPE | Recommend this post (1)
Wed, 18 May 11 1:27 AM | 15 view(s)
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https://personal.vanguard.com/us/insights/article/economic-week-review-05132011

Economic Week in Review: Nation feels pinch at the pump
May 13, 2011

Steep gasoline prices impacted key indicators this week as major sectors of the economy felt the squeeze of high fuel costs. Prices paid by producers and consumers rose at their fastest 12-month clip in more than two years while retailers also endured the impact of high energy costs. Economists are thus keeping a sharp eye on inflation, though upward pressure shows some signs of easing. For the week ended May 13, the S&P 500 Index fell 0.2% to 1,338 (for a year-to-date total return—including price change plus dividends—of about 7.1%). The yield of the 10-year U.S. Treasury note fell 1 basis point to 3.18% (for a year-to-date drop of 12 basis points).

Prices rise for producers and consumers

(Article does continue.)

Zim.




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