One of the ticking time bombs worrying investors this year has been the prospect for inflation to heat up due to mounting government deficits. Still, with few signs of rising prices, those fears were kept mostly under wraps.
But a strong producer price reading on Tuesday could revive the inflation debate, driving interest rates higher.
The government reported its PPI rose 1.8% in June, a full percentage point more than expectations. Even after volatile food and energy components were removed, prices were up .5%.
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