Wednesday, June 13, 2007

UPDATE 1-U.S. May import prices up 0.9 pct

(Reuters) - Wall Street economists were expecting to see a 0.3 percent
gain in import prices following an upwardly revised 1.4 percent
increase in April.




U.S. government bond prices fell Wednesday after
higher-than-expected retail sales and import prices exacerbated
bond investors concerns that the Federal Reserve might have to
raise interest rates next year.


Read more at Reuters.com Economic News

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