Succinct Summation of the Week's Events

Succinct Summation of the Week’s Events:

Positives,

1)June CPI rose 2 tenths m/o/m both headline and core, each one tenth less than expected. The y/o/y increase was 3% headline and 4.8% core vs 4% and 5.3% in the month prior. Energy prices were up .6% m/o/m after the almost 4% drop in May and were lower by 17% y/o/y. Food prices rose one tenth m/o/m and b…