The market is down this morning (prices down, rates higher) as May's Retail Sales report came in stronger than expected with the report showing an increase of 1% vs an expected .5% and the report without its Auto sales component (ex-Auto) showingg sales up 1.2% vs an expected .7%.  Also  Fed Philadelphia's region President, Charles Plosser, told CNBC that he thinks rates are going to need to rise to curb inflation.  This is a contradiction of Fed Vice-Chair Donald Kohn's comments yesterday which hinted that the Fed was inclined to leave rates steady due to the impact in slowing the economy that high oil prices and the housing crisis are already having.