March 15, 2018
After soft consumer and producer price reports earlier in the week, import prices showed pressure with a second straight 0.5 percent ex-petroleum gain. Prices of imported finished goods are on the climb reflecting the yearlong decline in the dollar and fitting in with the Federal Reserve's expectations for a gradual rise in inflation this year. The day's other data include yet another very healthy jobless claims report where low levels are pointing to yet another month of employment strength.
Stocks were mixed in the session though the Dow did post a solid 0.5 percent gain to 24,873. Other markets were little changed.