Jobless Claims Fall Again, Inflation Decelerates, Spending Slows

- Personal Income for May rose .2% versus estimates of a .3% increase and a .6% gain in April.
- Personal Spending for May was unchanged versus estimates of a .1% increase and a .6% gain in April.
- The PCE Deflator(YoY) for May rose 2.2% versus estimates of a 2.3% gain and a 2.6% increase in April.
- PCE Core(YoY) for May rose 1.6% versus estimates of a 1.7% increase and a downwardly revised 1.5% gain in April.
- Initial Jobless Claims for last week fell to 310K versus estimates of 325K and 316K the prior week.
- Continuing Claims rose to 2600K versus estimates of 2594K and 2596K prior.
- The Chicago Purchasing Manager for June fell to 53.6 versus estimates of 54.0 and a reading of 54.1 in May.

BOTTOM LINE: Blogging will be light from now through the weekend due to a scheduling conflict.