June inflation undershot expectations; CME's FedWatch shows probability of a Fed July rate hike fell to 17% from 42% yesterday. June CPI was -0.4% MoM and +3.5% YoY, indicating softer price trends than economists had forecast. Even excluding last month's sharp oil-price drop, inflation still came in better than expected. Spartan's Peter Cardillo said the print exceeded expectations and has sharply reduced, though not eliminated, the chance of a July hike. FedWatch still implies markets expect at

Sources told Nikkei that despite ongoing memory-chip supply tightness, Huawei plans to boost smartphone shipments by more than 20% to 60 mln units this year, up from under 50 mln last year. Huawei has informed suppliers of the 60 mln target. If confirmed, Huawei would be the only major Chinese smartphone maker still targeting shipment growth in 2026; rivals Xiaomi, OPPO and Vivo have trimmed output forecasts amid memory shortages and rising component costs.

美联储理事丽莎·库克将于十分钟后在美联储年度金融普惠会议上发表讲话。