The Economy

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 14th.
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