Culture

US Prices Climb

The Labor Department reported a 0.5 percent rise in wholesale prices for September - an increase double what analysts anticipated and driven largely by energy costs. Financial markets reacted immediately, with bond yields increasing sharply and the Dow and Nasdaq sinking.

The Labor Department reported a 0.5 percent rise in wholesale prices for September - an increase double what analysts anticipated and driven largely by energy costs. Financial markets reacted immediately, with bond yields increasing sharply and the Dow and Nasdaq sinking.