Daily Market Update 6/16/09

Mortgage rates held steady Tuesday following the release of tame inflation data. The Producer Price Index rose 0.2% last month, while the more closely watched “core” rate, excluding volatile food and energy components, fell 0.1%. May Housing Starts rose 17.2% from April, exceeding expectations, but well below last year’s levels. Industrial Production fell 1.1% in May, close to forecast. Stocks moved modestly higher. No other economic data will be released today.

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