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The report suggests that pricing pressures have remained in check.
Consumer prices also remained in check, the report said.
But he attributed more of the rally to the report that inflation remained in check.
Producer prices barely rose in May, indicating that inflation remained in check.
New economic data, which showed that inflation remained in check, failed to spark financial markets.
But interest rates rose only slightly, probably because inflation remained in check despite the strong second-quarter growth.
Similar(42)
But we cannot be complacent that the forces of national egoism will remain in check.
For the crisis to remain in check, political systems in every country must withstand that pressure.
This time the brakes will be applied in time and inflation will remain in check.
Provided the committee feels that inflationary expectations remain in check, it will cut rates again soon in order to fend off a severe downturn.
Inflation is increasingly a concern in fast-growing emerging markets like China and India, but for now price pressures are expected to remain in check in the United States, with core consumer prices estimated to be up just 0.1 percent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com