Japan's June core inflation likely slowed but remained above the central bank's 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy.

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

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.

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.

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.

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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.

Most of the Bank of Mexico's governing board supports smaller cuts to the key interest rate, minutes from June's rate decision showed on Thursday, signaling a more cautious approach as Mexico grapples with stubborn inflation and sluggish growth.