Succinct Summation of the Week's Events

Succinct Summation of the Week’s Events:

Positives,

1)The Fed took a breather from rate hikes (though QT continues on) to give them some more time to assess the economic situation.

2)Both headline and core CPI rose as expected in May, up .1% and .4% respectively m/o/m. The y/o/y gains are now 4% and 5.3% for each vs 4.9% and 5.5% in the month prior. Energy…