US DATA

From the FXWW Chatroom: May CPI +0.2%, core +0.2%, slightly better than expected, for
yoy rates of +1.0% overall and +2.2% core. Food -0.2% as veg, dairy,
meats fell. Energy +1.2% (gas +2.3%). Core had med care +0.3%, apparel
+0.8%, car ins +0.9%; offset by used cars -1.3%, communication -0.4%,
furnishings -0.3%, airfares -1.5%. OER +0.3%.

Initial unemploy claims +13k to 277k in the June 11 wk, no special
factors, with states of CA and PA surging. This represents slight
elevation (Apr avg was 258k, May 277k). Cont’g claims 2.157m for Jun 4.

Q1 C/A -$124.7b (2.7% of GDP, highest since Q4:05) vs -$113.4b in Q4
(2.5%), about as expected. Goods deficit increased (known from trade),
surplus on primary income -$9.6b, surplus on secondary income +$4b.

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