Industrial Production Increases in June

With many economists expecting inflation to spike following the implementation of reciprocal tariffs, the headline Consumer Price Index rose 2.4% year-over-year in May — right in line with consensus expectations.

The University of Michigan Consumer Sentiment Index increased 15.9% in June compared to the month prior, landing at 60.5, according to preliminary results for the month.

The Producer Price Index for final demand edged up 0.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices declined 0.2% in April and 0.1% in March.

The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few years, and while bankers are used to regulatory whiplash when administrations change, it is possible some of changes...

The Consumer Price Index increased 0.1% in May on a seasonally adjusted annual basis, after rising  0.2% in April, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.4%.

Consumers’ recent pessimism about the labor market eased somewhat, while consumer debt delinquency expectations and expectations about households’ financial situation improved slightly, survey results showed. Perceptions about households’ current financial situations compared to a year ago and expectations...