Morning Economic Report 6-11-25

A dim ray of hope was provided by the latest truce on tariffs between the US and China. Details are sketchy and it is anything but clear what punitive measures would remain in effect. The US is pushing China to increase rare earth exports in return for easing US export controls of chips. US inflation data will be released this afternoon and both headline and core consumer prices are expected to register slight increases. The US 10-year bond action later today will also be eagerly followed to test investors’ sentiment about the US economy.