The US Economy in Markets Is Beginning to Repair Some Important Balances

High inflation and aggressive fed tihtening led to a surge in long term intrustraits, hurting the bon market directly. High prices are having their usual, albeit somewhat laid impact on supply and demand. The number of job openings the united states fell from a record 11 point eight five five million at the end of march to 11 point four million at theend of april. Even with this, prices remain high, which should continue to increase supply and constrained demand in the months ahead. We believe overall c pi could have increased by a strong zero point seven % in june, we expect mild readings of one or two tenths o % in July and August.