• Wholesale prices rose more than expected in November, dampening hopes that inflation could be headed lower, the Labor Department reported Friday.
• The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago. Economists surveyed by Dow Jones had been looking for a 0.2% gain.
• Excluding food and energy, core PPI was up 0.4%, also against a 0.2% estimate.

Tagged: #Bidenflation