Oil, wheat, natural gas, lumber, corn and other raw materials ended the quarter near to or lower than March prices, stirring hopes that a significant source of inflationary pressure might be starting to ease.
A couple of headlines from the NYT … is it good that inflation may be slowing quicker that the Fed might now anticipate or is it bad that the economy may be contracting faster than the Fed want to see … I guess markets will cut through second guessing what the Fed may now do as their July 26-27 meeting looms?
Dex
