The US Inflation Rate reached 2.10% year over year following May’s increase of .40%.  The Fed continued to reduce its bond purchases by another $10 billion, which now stands at $35 billion of purchases per month. Additional economic data below:

• US Manufacturing Production increased 3.60% in May over the same month in the previous year.
• US New York Empire State Manufacturing Index increased to 19.28 in June from 19.01 in May.
• US Philadelphia Fed Manufacturing Index increased to 17.80 points in June from 15.40 in May.
• US Industrial Production increased .59% in May over the previous month.
• US Initial Jobless Claims decreased to 312,000 in the week ending June 14^th.