The following statistics were released today on the state of the US economy:

The Consumer Price Index for May fell -0.3% at the headline level, while the core CPI rose 0.2%. On a year-over-year basis, The CPI is up 1.7%, while the core rate is 2.3%.

Initial claims for unemployment rose 6,000to 386,000. The 4-week moving average rose 3,500 to 382,000, the third straight weekly increase.

The US Current Account Deficit increased to $137.3 billion in the first quarter vs. a revised deficit of $118.7 billion in the fourth quarter.

The Bloomberg Consumer Comfort Index rose to -36.4, the highest level since April.

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Dale Franks
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