U.S. producer prices rise strongly, point to firming inflation (news: 12/12/17)

Today's press

• U.S. producer prices rise strongly, point to firming inflation

  WASHINGTON (Reuters) - U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.

• Dollar gains as Fed seen set to raise rates

  NEW YORK (Reuters) - The U.S. dollar rose to three-week highs against a basket of currencies on Tuesday as the Federal Reserve begins a two-day policy meeting where it is widely expected to raise interest rates for the fifth time since 2015.

• Inflation hits near six-year high

  Inflation came in higher than expected in November, hitting its highest point in nearly six years and forcing the Bank of England governor, Mark Carney, to send a letter to the Chancellor to explain the reading.