my operations are many but small and efficient, Economic Data Review

Today's U.S. economic data were significantly softer than expected, indicating a weakening of inflationary pressures and a slight slowdown in consumer activity:

* PPI MoM (Apr): -0.5% (vs 0.2% forecasted)

* Core PPI MoM (Apr): -0.4% (vs 0.3% forecasted)

* Retail Sales MoM (Apr): 0.1% (vs 0.0% expected, but notably lower than the previous 1.7%)