Source: US Dept. of Treasury End of Day
• Interest rates fell during the week with the 2-year Treasury note yield falling by 9 basis points to 3.96% while the 5-year Treasury note decreased by 12 basis points to 4.01%.
• May’s CPI inflation readings showed that the disinflationary trend remains intact with headline CPI advancing by 0.1% for the month and 2.4% over the trailing 12 months while the core reading advanced by 0.1% and 2.8%, respectively.
• PPI reiterated the message of tame price growth offered by the CPI as both headline and core wholesale inflation advanced by a less than expected 0.1% in May.
• The Fed meets on Wednesday where it is almost certain that they will keep the fed funds rate unchanged, leaving market participants to focus on a fresh set of official economic projections as they look for clues to the path of monetary policy.
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