Inflation Contained, Jobs/LEI Healthy.
Consumer Price Index (May 2015)
– CPI month/month +0.4%. Previous was +0.1%
– CPI year/year +0.0%. Previous was -0.2%
– CPI core (less food & energy) month/month +0.1%. Previous was +0.3%
– CPI core (less food & energy) year/year +1.7%. Previous was +1.8%
Core inflation remains well contained.
Initial Jobless Claims (week ended 6/13/2015)
– New Claims seasonally adjusted 267,000. Previous was 279,000
– New Claims unadjusted, totaled 258,119 a decrease of 17,500 from previous
– 4-week Moving Average 276,750. Previous was 278,750.
Current Account (1stQ2015)
– Current Account $-113.3 billion. Previous was $-103.1 billion.
This is the Trade Deficit (Exports – Imports) and is a component of GDP.
Philadelphia Federal Reserve Business Outlook Survey (June 2015)
– General Business Conditions Index 15.2. Previous was 6.7.
This is a survey index of businesses in the district covered by the Philadelphia Federal Reserve.
Leading Indicators (May 2015)
– Leading Indicators month/month +0.7%. Previous was +0.7%.