Inflation, tariff
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While Tuesday's focus was on the tariff-related inflation hit to Treasuries, it's been a rough week for government bonds everywhere - especially in Japan as long-term yields there hit new highs this week ahead of the July 20 upper house election and related fiscal policy worries.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
US wholesale inflation was muted in June, signaling that price pressures might not be building for producers and manufacturers.
Higher inflation could give the Bank of England pause for thought over cutting interest rates.
The Bureau of Labor Statistics reports a 0.3% increase in the consumer price index last month, raising the annual inflation rate to 2.7%.
U.S. inflation reached its highest level since February in June, with consumer prices rising 2.7% from a year earlier, in part because of new tariffs imposed by the Trump administration.
Inflation rose by 0.3% month over month in June and 2.7% year over year, higher than last month's figure. Editor-in-Chief Caleb Silver breaks down the inflation data for the month of June 2025.