Video

Mark Vitner, senior economist at Wachovia Corp., and Larry Levin, president of Secretsoftraders.com, talk with Bloomberg's Matt Miller about data on U.S. consumer prices released today and the outlook for inflation and Federal Reserve monetary policy. The consumer price index rose 0.6 percent in May, more than forecast, as Americans paid more for fuel, the Labor Department said. So-called core prices, which exclude food and energy, increased 0.2 percent.