News - National
Consumers, businesses appear reluctant to spend
Posted: Nov 17, 2009 4:57 PM by Associated Press
Updated: Nov 17, 2009 4:57 PM
Consumers and businesses are still cautious when it comes to spending money.
That indication comes from today's report showing a decline in factory production last month. At the same time, the weak economy is helping to keep inflation in check.
Wholesale prices rose less than expected last month. That gives the Fed more leeway to keep interest rates low. Stocks have been holding steady for most of the day.
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