US inflation data report for June 2015
– Prior 0.1%
– 0.3% vs 0.3% exp m/m. Prio r0.4%
– 0.2% vs 0.2% exp m/m. prior 0.1%
– Real weekly earnings -0.3% vs -0.1% prior. Revised to -0.2%
Nothing to get excited about in inflation but the tick up in the core is the takeaway. There is bad news for earnings with yet another drop