Vital Signs: Inflation Jitters Spread
It could be another bumpy ride on Wall Street this week. Investors are getting a case of inflation jitters after Federal Reserve officials, including chairman Ben Bernanke, made it clear that inflation remains the bank's top concern (see BusinessWeek.com, 6/6/07, "Bernanke: The Dilemma Ahead"). That ended hopes for an interest rate cut and caused a sell off in bonds and stocks. More turmoil may be in store for investors with the latest batch of inflation data on tap.
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