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U.S. Producer Prices Fall for Second Month

Reuters (11/21/13)

U.S. producer prices fell in October for a second straight month, according to the U.S. Department of Labor. The producer price index decreased by 0.2% in October and 0.1% in September. The decline matched economists’ forecasts and was the largest drop since April. Weak demand is keeping inflation low. Based on low inflation and other factors, the U.S. Federal Reserve likely will continue its bond-buying program until at least March.