US stocks down amid inflation fears

US stocks were sold off today after a jump in consumer inflation raised concerns about how much freedom the Federal Reserve has to continue cutting interest rates.

US stocks down amid inflation fears
Fri, 14 Dec, 2007 - 21:26

US stocks were sold off today after a jump in consumer inflation raised concerns about how much freedom the Federal Reserve has to continue cutting interest rates.

The Dow Jones industrial average gave up more than 178 points.

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<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

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