The Economy: May's Signs of Strength

A stronger-than-expected surge in retail sales and a spike in import prices will keep things tricky for the Fed

Economic reports released June 13 should turn up the heat for the remarkably bearish bond market—and for the Federal Reserve. The day's economic releases included reports showing surprising headline strength in U.S. May retail sales, alongside a troublesome rise in import prices. Adding insult to injury, the MBA purchase index posted a robust 7.2% surge for the first full week of June.

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