Helen of Troy’s stock was tumbling toward a 14-year low Thursday, after the company said tariff-related impacts hurt consumer spending and led to a sales miss and a downbeat outlook.

The price spikes that were expected to accompany President Donald Trump’s head-spinning tariff regime have not arrived.

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Egypt left interest rates on hold, snapping two rounds of monetary easing, as caution about tensions in the region and the fallout from US President Donald Trump’s tariffs outweighed slowing inflation.

Brazil's monthly inflation slowed for the fourth time in a row in June, but the annual rate ticked up and remained well above the official goal, data showed on Thursday, prompting the central bank to release a letter to justify missing the target.

When consumers buy more now in anticipation of higher prices — and workers demand higher pay — it can lead businesses to raise their own prices to cover increased costs. That creates what economists call a self-fulfilling inflationary cycle, something the Federal Reserve works hard to avoid.