Stocks trade mixed after inflation data

[ShockediSay]

Source: AP

NEW YORK (AP) -- The stock market zigzagged in a tight range Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs.

The increase likely will be discussed as Federal Reserve policymakers begin a two-day meeting on interest rates. The Fed is expected to keep rates unchanged when it releases a policy statement following the meeting Wednesday.

The Labor Department said wholesale prices jumped 1.8 percent last month, more than double the gain analysts expected. Core inflation, which excludes often-volatile food and energy costs, rose 0.5 percent, the biggest increase in more than a year.

Read more: http://finance.yahoo.com/news/Stocks-trade-mixed-after-apf-2682030532.html?x=0&sec=topStories&pos=5&asset=&ccode=

---

If the big banks wanna free themselves to pay banger bonuses,

why lend to them at virtually zero interest rates,

especially when they are not lending to small businesses?

There's an answer in here. Glass Steagall? Restricted
access to free money to pay banger bonuses?

AND if they wanna spend so much for lobbyists, why should
those humongous fees be tax deductible? WHY?

[Zynx]

1. Glass Steagall isn't a cure all. It actually does not address a number of the problems

that we faced and still face. We need a much more comprehensive piece of legislation. Glass Steagall would do just about spit to prevent the bonuses from happening.

[DJ13]

2. Its absolutely astounding how they finally admit theres inflation

4 days after I recieved the official notification from Social Security that due to no inflation there will be no COLA for 2010.

The timing couldnt have been planned better, its like they tried to deceive everyone on purpose.