Rates even to slightly up after today’s data.
Producer Inflation: PPI (June 2012)
– Core PPI (less food & energy), Month/Month +0.2%
– Core PPI (less food & energy), Year/Year +2.6 %
– PPI, Month/Month +0.1%
– PPI, Year/Year +0.8%
The media seem to be reading more into this than I see. PPI always tends to have larger changes than CPI and, to me, worrying that core PPI is +2.6% for the year is like calculating Pi to 30 decimal places.
Consumer Sentiment (July 2012)
– University of Michigan Consumer Sentiment 72.0. Previous was 73.2, This is supposed to measure consumers predisposition to spend.
– This is the lowest level of this calendar year.