Rates are down since yesterday as fears have eased, at least temporarily, that the Fed may slow the pace of QE imminently.
Producer Price Index (May 2013)
– PPI Month/Month +0.5%. Previous was -0.7%
– PPI core (less food & energy) Month/Month +0.1%. Previous was +0.1%
– PPI overall Year/Year +1.8% – PPI core year/year +1.6%.
– Inflation is well-contained. Attention should be paid to core.
Industrial Production (May 2013)
– Production Month/Month +0.0%. Previous was -0.5%.
– Capacity Utilization Rate 77.7. Previous was 77.8%.
– Manufacturing Month/Month +0.1%. Previous was -0.4%.
– Manufacturing in the U.S. is soft and is unlikely to become an economic force any time in the near future.
Consumer Sentiment (June 2013)
– Consumer Sentiment Index 82.7. Previous was 84.5.
– This is a survey index which is supposed to be a leading indicator of consumer spending.
– The previous reading of 84.5 was a post-recovery high.