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.
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 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.
Next trading day's important events
- 22:00 (GMT 3) Fed Interest Rate Decision
- USDJPY: 113.65
- EURUSD: 1.1737
- S&P 500: 2663.13
- NASDAQ: 6870.53