Fed Getting its Desired > 2.0% Core CPI.

Consumer Price Index (June 2016)

– CPI month/month +0.2%. Previous was +0.2%
– CPI year/year +1.0%. Previous was +1.1%
– CPI core (less food & energy) month/month +0.2%. Previous was +0.2%
– CPI core (less food & energy) year/year +2.3%. Previous was +2.2%

The Fed is getting its desired > 2.0% inflation.

 
Retail Sales (June 2016)

– Retail Sales month/month +0.6%. Previous revised down from +0.5% to +0.2%
– Retail Sales less autos month/month +0.7%. Previous was +0.4%
– Less Autos & Gas – M/M Change +0.7%. Previous was +0.2%.

Stronger but in part because May Revised down. This is the key component of GDP. The Atlanta Fed GDP now estimate for 2ndQ2016 GDP is +2.3%.

 
Empire State Manufacturing Survey (July 2016)

– General Business Conditions Index 0.55. Previous was 6.01

 

Industrial Production (June 2016)

– Production month/month +0.6%. Previous was -0.3%
– Manufacturing month/month +0.4%. Previous was -0.3%
– Capacity Utilization Rate 75.4%. Previous was 74.9%

 
Business Inventories (May 2016)

– Inventories month/month +0.2%. Previous was +0.1%

This is a GDP component.

 
Consumer Sentiment (July 2016)

– Sentiment Index 89.5. Previous was 93.5.

This is the University of Michigan Index.