Inflation

Fundamentals 6/14: PPI Up, Retail Sales Down

Inflation: PPI core and overall Month/Month were +0.2% for May PPI core Year/Year was +2.1% PPI overall Year/Year was +7.0% – a reminder of how large the swings in food and energy have been. Retail Sales: Retail Sales (overall) Month/Month was -0.2% Retail Sales (less autos) Month/Month was +0.3% Today’s data is market neutral. The

Fundamentals 6/14: PPI Up, Retail Sales Down

Inflation: PPI core and overall Month/Month were +0.2% for May PPI core Year/Year was +2.1% PPI overall Year/Year was +7.0% – a reminder of how large the swings in food and energy have been. Retail Sales: Retail Sales (overall) Month/Month was -0.2% Retail Sales (less autos) Month/Month was +0.3% Today’s data is market neutral. The