Friday: CPI, Yellen

Earlier from the Philly Fed:  May Manufacturing Survey Manufacturing activity in the region increased modestly in May, according to firms responding to this month's Manufacturing Business Outlook Survey. Indicators for general activity, new orders, and shipments were positive but remain at low readings. Employment increased at the reporting firms, but the employment index moderated compared with April. Firms reported continued price reductions in May, with indicators for prices of inputs and the firms' own products remaining negative. The survey's indicators of future activity......(read more)

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