US CPI comes out lower than expected

Written June 17, 2009 at 8:34 AM EST by  

Ex food and energy +0.1% – as expected

YoY CPI Headline -1.3% lower than expected. Biggest drop since 1950.
Ex Food and Energy YoY +1.8% which is as expected.

Inflation is not really showing up in the numbers.

The US Current Account balance comes out at -101.5 vs -85.0B

In Canada Wholesale sales fell -0.6%. The prior month was revised to -0.4% from -0.6%.  About as expected.

Canada Leading Indicator fell by -0.1% which was better than expectations -0.6%.

The dollar fell a little on the numbers but has rebounded a touch since

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