US inflation

The personal consumption expenditures price index rose 4.1% from a year earlier, the most since April 2023

The details of what Washington and Teheran are calling a memorandum of understanding have yet to be released

Former Fed chair Janet Yellen also does not expect rate increases soon, due to uncertainty over oil prices

Rate-hike expectations were reinforced after a hot May jobs report on Friday 

Inflation has been above the central bank’s 2% target for more than five years

The non-manufacturing PMI is up at 54.5 from 53.6 in April, beating a forecast of 53.8

Inflation-adjusted consumer spending increased 0.1% last month

Mega-cap listing aspirants may draw liquidity away from less exciting companies around the world

The central bank has lifted interest rates three times this year to head off the war-driven energy shock