The PPI data take away a little pressure from the inflation kettle.
YoY Growth:
PPI (May), 2.2% Vs. 2.5% Est. (prev. 2.2%)
Core PPI, 2.3% vs. 2.5% Est. (prev. 2.4%)
MoM Growth:
PPI (May), -0.2% Vs. 0.1% Est. (prev. 0.5%)
Core PPI, 0.0% Vs. 0.3% Est. (prev. 0.5%)