Inflation data pressures Wall Street shares, offsets U.S.-China optimism - NewsBreak
By Yoongi in Business
Updated 3 years ago
WASHINGTON/LONDON, Sept 10 (Reuters) - Wall Street main indexes reversed early gains on Friday after data showing persistent U.S. inflation offset expectations of an easing in U.S.-China tensions after a call between President Joe Biden and China's Xi Jinping. U.S. producer prices increased solidly in August, indicating that high inflation...