Economic Updates
Keep up to date on the global economy and its impact on markets.
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Economic Update for June 14, 2021
Economy
- The CPI rose 0.6% and core CPI increased 0.7% in May, according to the Bureau of Labor Statistics.
- Wholesale inventories grew 0.8% in April compared with March, the Census Bureau stated.
Employment
- Initial jobless claims fell to 376,000 in the week ended June 5, 2021, from 385,000 in the previous week, the Labor Department reported.
Profits
- As of June 2, 2021, of the 494 S&P 500 Index companies reporting first-quarter earnings, 422 beat analysts’ expectations, according to S&P Dow Jones Indices.
Emotion
- The NFIB Small Business Optimism Index slipped in May.
- The University of Michigan’s index of consumer sentiment rose to 86.4 in June from 82.9 in May.