U.S. inflation rose in June as the Federal Reserve weighs whether to continue to hold rates steady or cut them later this year.
The personal consumption expenditures (PCE) price index, the central bank's preferred inflation gauge, increased 0.3 percent month on month in June, according to data released Thursday by the U.S. Bureau of Economic Analysis.
The data came just a day after the Fed announced it would hold rates steady.
The PCE rose year on year by a much heftier 2.6 percent, higher than economists' estimates.
Core PCE, which strips out volatile food and energy prices, rose 0.3 percent month on month and 2.8 percent year on year.
The PCE price index is a key inflation metric closely monitored by the U.S. Federal Reserve, serving as a critical reference for monetary policy decisions and thus drawing significant market attention.
The Fed is under pressure from the White House to cut rates, as U.S. President Donald Trump believes lower rates will accelerate economic growth.
But many economists fear that lower rates could spur more inflation, at a time of record-high prices for food and shelter.
U.S. inflation up in June as Fed weighs rate options
Profits of China's major industrial firms increased by 0.1 percent year on year in the first 11 months of 2025, official data showed on Saturday.
In the January-November period, the industrial firms each with an annual main business revenue of at least 20 million yuan (about 2.8 million U.S. dollars) saw their combined profits reach nearly 6,626.86 billion yuan (945.79 billion U.S. dollars), according to the latest official data released by the National Bureau of Statistics (NBS).
In the 11-month period, the total profits of equipment manufacturing enterprises nationwide increased by 7.7 percent year on year. Seven out of the eight major categories within this sector achieved year-on-year profit growth.
Also in the first 11 months, the profits of high-tech manufacturing companies rose by 10 percent year on year, with those of the manufacturing sector of specialized equipment for semiconductor devices, the manufacturing sector of aerospace-related equipment and the intelligent in-vehicle device manufacturing sector surging by 97.2 percent, 192.9 percent and 105.7 percent respectively.
From January to November, the profits of the major raw materials manufacturing industry saw a year-on-year increase in profits of 16.6 percent. In particular, the iron and steel sector saw its profits significantly rise and the non-ferrous metal sector kept a two-digital growth in revenue in the first 11 months.
Profits of China's major industrial firms up 0.1 percent in first 11 months
