USA Leading Index (MoM) for May 1.300% vs 1.300% Est; Prior 0.600%
USA Leading Index (MoM) for May 1.300% vs 1.300% consensus estimate. The prior reading was 0.600%.
Fed Maintains Interest Rates, Continues Asset Purchases, Forecasts 2023 Rate Hike
The Federal Reserve maintained its target fed funds rate range of between zero and 0.25%. The Fed also reassured investors it will continue to support the economy via asset purchases while the U.S. recovers from the pandemic.
USA Export Prices (MoM) for May 2.200% vs 0.800% Est; Prior 0.800%
USA Export Prices (MoM) for May 2.200% vs 0.800% consensus estimate. The prior reading was 0.800%.
USA NAHB Housing Market Index for Jun 81.000 vs 83.000 Est; Prior 83.000
USA NAHB Housing Market Index for Jun 81.000 vs 83.000 consensus estimate. The prior reading was 83.000.
USA Business Inventories (MoM) for Apr (0.200)% vs (0.100)% Est; Prior 0.300%
USA Business Inventories (MoM) for Apr (0.200)% vs (0.100)% consensus estimate. The prior reading was 0.300%.
USA PPI (MoM) for May 0.800% vs 0.600% Est; Prior 0.600%
USA PPI (MoM) for May 0.800% vs 0.600% consensus estimate. The prior reading was 0.600%.
Experts React To 5% CPI Inflation, Highest Since 2008
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.5% on Thursday morning after the Labor Department reported a 5% increase in the consumer price index in the month of May, the fastest inflation growth since the summer of 2008.
USA Factory Orders Ex-Transportation (MoM) for Apr 0.500% vs 1.700% Prior
USA Factory Orders Ex-Transportation (MoM) for Apr 0.500% vs 1.700% prior reading.
USA Factory Orders (MoM) for Apr (0.600)% vs (0.200) Est; Prior 1.100%
USA Factory Orders (MoM) for Apr (0.600)% vs (0.200) consensus estimate. The prior reading was 1.100%.