Daily Market Update 5/13/08

Rates moved higher Tuesday as Retail Sales for April were generally stronger than expected, although auto sales fell short of forecasts. Investors remain concerned about the underlying rate of inflation caused by a variety of factors, particularly rising oil prices and the weak US Dollar. Tomorrow’s release of the Consumer Price Index for April is being closely watched by economists and has the potential to be a significant market mover.

Leave a Reply

Your email address will not be published.

Back to top