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US Data 6/13 - PPI and Umich Consumer Sentiment

Producer Price Inflation (m/m) May: -0.2%
Forecast: 0.1%
Previous 0.6%

Core PPI: -0.1%
Forecast: 0.2%
Previous: 0.5%


(PPI. Source: Forexfactory)

After a couple months of strong inflation, wholesale price fell in May. Low inflation may keep the FOMC from raising interest rates until later in 2015 rather than sooner. 


Prelim Umich consumer Sentiment (June): 81.2
Forecast: 83.2
Previous 81.9

(UoM Consumer Sentiment. Source: Forexfactory)

Consumer sentiment slid instead of improving. Still, the reading has remained above 80 throughout 2014, which is a good leading indicator that the economy will continue to recover.