LAST WEEK

News & Commentary Weekly Highlights:

• Wall Street Journal: Greece Considers Last-Ditch Proposals to Avoid Collision With Bailout Creditors (Saturday)
• Wall Street Journal: Seen That Job Listing for a While? It’s No Coincidence (Thursday)
• Forbes: Message to Ambitious Countries: Clean Up Your Money Messes (Wednesday)
• New York Times: As Fed Edges Toward Rate Increases, Investors Turn Cautious (Tuesday)
• Real Clear Markets: The U.S. Is Defined By Expanding Government, Retreating Economy (Tuesday)

 

Top Economic Indicator Highlights:

Consumer Price Index (May)

• Change from previous month: 0.4%
• Change less food & energy (M/M): 0.1%
• Noteworthy: The gasoline index jumped in May, rising 10.4% and comprising most of the increase in the seasonally-adjusted headline CPI. The food index was unchanged for the second consecutive month. The headline index is unchanged over the last 12 months, unadjusted. Core CPI (less food and energy) had its smallest increase since December 2014.
• Series Detail: The CPI is a collection of indexes that measures the average change in consumer prices over time for a fixed basket of goods and services from the perspective of the consumer, whereas the producer price index for final demand (PPI-FD) measures price changes from the producer’s perspective.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Major Indicators

• Existing Home Sales (10am, Monday)
• Durable Goods Orders (8:30am, Tuesday)
• New Home Sales (10am, Thursday)
• Gross Domestic Product (Q1:15 final estimate, 8:30am, Wednesday)
• Personal Income and Outlays (8:30am, Thursday)

 

Chart of the Week: