Daily Market Update 7/15/16

Rates were little changed Friday despite the release of stronger than expected economic data.  This morning, June Retail sales rose 0.6%, well above the consensus forecast of 0.1%.  The June Consumer Price Index (CPI) increased 0.2% from May, a bit less than expected.  Core CPI, which excludes volatile food and energy components, rose 0.2%, in line with expectations, and was 2.3% higher than one year ago.  Industrial Production increased by 0.6%, slightly above forecast, while the Empire State manufacturing index rose 0.6%, well below expectations.  No other key data will be released today.

Back to top