U.S. data and rate policy
May PPI rose 2.6% year over year, core PPI increased 3%, and claims reached 248K against a 242K forecast. QQQ and SPY gained 0.36% and 0.26% during the next 15 minutes. Trump later said he would not fire Powell but might force action on rates. The 30-year Treasury auction yield was 4.84%, versus 4.82% prior.