US Import Prices YoY (Jun) Y/Y 7.1% (Prev. 6.7%)

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U.S. import prices in June rose 7.1% year-over-year, exceeding the previous figure of 6.7%. This suggests strengthening upward pressure on import prices and is reigniting inflation concerns. Markets are focusing on the potential for a prolonged period of high interest rates by the Fed, leading to dampened investor sentiment.

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