Inflation Producer prices up over last year Wholesale prices in the United States rose by a larger-t

The Labor Department said Friday that its producer price index– which tracks inflation before it reaches consumers– rose 0.2% from May to June after being unchanged the month before. JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its credit cards. JPMorgan set aside $3.1 billion to cover potentially…