Consumer prices spike in June

(01:04) Report

Jul. 16 - U.S. consumers had to dig deeper in June as consumer prices rose at their fastest pace in almost three years.

  • A sharp drop in oil prices extended into a second session.
  • Surging jet fuel costs prompted money-losing quarters for AMR, Delta.
  • Wall Street was encouraged by Wells Fargo's better-than-expected earnings.

    Conway Gittens reports from New York.

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