Wholesale prices rose more than expected in November, indicating a slowdown in inflation progress, with the producer price index increasing 0.4% month-over-month and 3% annually, the largest advance since February 2023. Despite the rise, core PPI met forecasts at 0.2%, with the exclusion of trade services showing a 0.1% increase. The Federal Reserve is expected to lower its key overnight borrowing rate next week, as markets react to mixed inflation data and concerns over a slowing labor market.
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Missing American Travis Timmerman found wandering barefoot outside Damascus
Travis Timmerman, a U.S. citizen, was found in a suburb of Damascus, Syria. He had been detained after entering Syria on foot from Lebanon on a Christian pilgrimage. He was discovered by locals in the town of al-Thiyabiyah and released when opposition forces overthrew President Bashar al-Assad. Timmerman had been missing since attending church in Budapest, Hungary, seven months ago. He had a background in finance and law but returned home to write about nature...
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