Rates held steady Wednesday in quiet trading. In economic news, the Core PCE price index, the Fed’s preferred measure of inflation, rose 0.2%, in line with expectations, and was a tame 1.6% higher than one year ago. The Fed’s target rate for inflation is 2.0%. May Pending Home Sales fell 3.7%, below the consensus forecast for a decrease of 1.5%. Sales were slightly lower than May 2015, marking the first annual decline in nearly two years. No other key data will be released today.