Market to Market

Economic Outlook: June 11, 2021

Jun 11, 2021  | Ep4643

Certain years evoke memories - 1929 and the stock market crash, 1941 and entering World War II and 2020 with a global pandemic.

When you bring up 2008, the comparisons are tied to the great recession. 

The consumer price index ticked up 0.6 percent in May, but the headline was the 5 percent surge year-over-year -- the highest leap in 13 years. Consumers are hungry for goods and services, but a shortage of components is keeping the main course at bay.

When volatile core items like food and energy are stripped out, the CPI moved higher by 0.7 percent.

The trade deficit narrowed last month by eight percent as a recovering global economy increased the demand for American-made goods.

Grinnell Mutual Insurance