Wednesday - June 16th, 1999 Economic Data
CPI for May = unch
Core rate = + 0.1%
stats.bls.gov
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May, before seasonal adjustment, remaining at a level of 166.2 (1982-84=100), the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
Excluding food and energy, the CPI-U increased 0.1 percent in May, following a 0.4 percent rise in April.
During the first five months of 1999, the CPI-U rose at a 2.6 percent seasonally adjusted annual rate (SAAR). This compares with an increase of 1.6 percent for all of 1998.
Housing Starts for May = +6.3%
census.gov
Privately owned housing starts in May were at a seasonally adjusted annual rate of 1,676,000, according to estimates reported today by the U.S. Commerce Department's Bureau of the Census. This is 6 (±6) percent above the revised April rate of 1,576,000 and 9 (±7) percent above the May 1998 rate of 1,541,000.
U.S. May Single Family Housing Starts Highest Since 1.460 Mln in Dec 1978
biz.yahoo.com
Industrial Production for May =+0.2%
Capacity Utilization = 80.5%
bog.frb.fed.us
Industrial production rose 0.2 percent in May after gains of 0.4 percent in April and 0.7 percent in March. Manufacturing output advanced 0.4 percent in May, about matching the pace of the previous three months. Production at utilities fell sharply, and mining activity was little changed. At 134.1 percent of its 1992 average, industrial production in May was 1.7 percent higher than in May 1998; capacity utilization for total industry--at 80.5 percent--was off more than 2 percentage points from a year earlier.
Fed Beige Book out at 2 pm
federalreserve.gov:80/FOMC/BeigeBook/1999/19990317/FullReport.htm
POLL-23 of 29 US primary dealers see Fed June hike
biz.yahoo.com
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