Producer prices rose more than expected in June, pointing to an apparent increase in inflationary pressures that could make the U.S. Federal Reserve more comfortable about reducing its monetary ... more 
Producer prices rose more than expected in June, pointing to an apparent increase in inflationary pressures that could make the U.S. Federal Reserve more comfortable about reducing its monetary stimulus. U.S. stock futures are up the morning after stocks hit all-time highs in the wake of the Federal Reserve chairman's reassurance about continued support for the economy. A trio of analysts lifted their price targets for Gap, following the retailer's better-than-expected June results for revenue at stores open at least a year. Gap Inc. reported that the metric, a key gauge of a retailer's health, climbed 7 percent. This topped the 4.7 percent increase that analysts surveyed by Thomson Reuters expected. less 
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Wochit
Fri, Jul 12, 2013 9:52 AM EDT