Fed Still On Course To Raise Interest Rates

Fed still on course to raise interest rates: Traders were eagerly awaiting this morning's data on producer prices and retail sales for further confirmation on the Fed's next move for interest rates. The results were mixed. The producer price index for May rose 0.2%, while the "core" producer price index(excluding food and energy) rose 0.3%. Average analyst estimates were for a increase of 0.4% on the headline number and 0.2% on the core figure. Read More....