U.S. inflation rose as expected in June, making the Fed continue to be cautious about cutting interest rates

Planet Daily News: U.S. CPI rose in June, which may mark the beginning of long-anticipated inflation triggered by tariffs, making the Federal Reserve cautious about resuming rate cuts. According to the U.S. Bureau of Labor Statistics, CPI rose 0.3% month-on-month in June after a slight 0.1% increase in May. This is the largest increase since January. Year-on-year, it increased by 2.7% after rising 2.4% in May. Core CPI increased by 0.2%, with a year-on-year increase of 2.9%, following three consecutive months of 2.8% increases. The significant rise in commodity prices may be partially offset by moderate increases in service costs, alleviating concerns about widespread inflationary pressures. Weak demand has limited price increases in service-related categories such as airline tickets, hotel, and motel room prices. (Jinshi)