The consumer price index released by the U.S. Bureau of Labor Statistics for June (CPI) had a year-on-year increase of 2.7%, rising 0.3% from May and higher than last month's 2.4%. This marks the largest monthly pump this year and exceeds the market's original expectation of 2.6%.

Analysts further pointed out that the rebound in energy prices is a major driving force, with energy prices rising 0.9% month-on-month in June, and both gasoline and fuel price indices "turned from decline to increase."

Core CPI (excluding food and energy) cannot be overlooked either, with a month-on-month increase of 0.2% in June and an annual growth rate of 2.9%. This may lead the Federal Reserve to be more cautious in its interest rate decisions. Boston Federal Reserve President Collins publicly stated that the increase in tariffs could raise inflation while suppressing economic growth and employment, but the strong balance sheets of U.S. businesses and households may help buffer the impact.