June 16, 2017

Producer Prices were flat in May, as were Consumer Prices. For the year ended May, Producer Prices were up 2.4% and Consumer Prices were up 1.9%. Industrial Production was also flat for May, with Capacity Utilization stuck around 76.7%. The FOMC raised its overnight rate by 0.25% to a range of 1.00-1.25%, as widely expected. The Fed also expects to unwind its $4.5 trillion balance sheet starting this year.
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June 9, 2017

The PMI Services Index and the ISM Non-Manufacturing Indexes are still expansionary, averaging 53.6 and 56.9 for May, respectively. In addition, it looks like there was some decent inflationary rumblings in some of the price data of these indexes.
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