U.S. Economy

• Encouraged by the economic recovery, the U.S. Federal Reserve cut its monthly bond buying program by $10 billion. Currently, at $35 billion, it is half of what the monthly stimulus was last fall Bloomberg
• Housing starts fell by 6.5% in May. Seasonally adjusted, new home sales are on pace for an annualized 1 million homes Reuters
• U.S. factories increased production in May and capacity utilization rose to 79.1%. The Wall Street Journal
• Manufacturing condition beat expectations for May MarketWatch

Employment

• US jobless claims fell last week, continuing the employment recovery CNBC
• The number of people who are neither working nor unemployed is low, but there has been an uptick in the number of “discouraged workers” Bloomberg

Personal Finance

• Mistakes some make with handling debt USA Today
• Outlining the different types of student loans USA Today