June 11, 2025
United States:
US Core Inflation Rises Less Than Forecast for Fourth Month
Underlying US inflation rose in May by less than forecast for the fourth month in a row, suggesting companies are largely holding back on passing higher tariff costs through to consumers.
The consumer price index, excluding the often volatile food and energy categories, increased 0.1% from April, according to Bureau of Labor Statistics data out Wednesday. From a year ago, it rose 2.8%.
Europe:
ECB’s Wage Tracker Signals Pay Growth Will Plunge This Year
Wage growth in the euro zone will slow sharply in 2025, according to the European Central Bank’s main gauge of future pay increases – bolstering arguments that inflation is under control.
The ECB’s wage tracker, published Wednesday, predicts salaries will rise by an annual 1.7% in the fourth quarter.
Asia:
US, China Officials Agree on Plan That Awaits Xi, Trump Sign-Off
The US and China capped two days of high-stakes trade talks with a plan to revive the flow of sensitive goods — a framework now awaiting the blessing of Donald Trump and Xi Jinping.
After some 20 hours of negotiations in London, US Commerce Secretary Howard Lutnick said both sides had established a framework for implementing the Geneva consensus that last month brought down tariffs.
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