U.S. July 5- to 10-year inflation expectations (initial) 3.30%; consensus 3.30%; prior 3.30%.

Tokyo-based supply-chain risk firm Resilire’s online June survey of 400 decision-makers at manufacturers that buy rare earths and rare-earth materials found average procurement costs rose 22.3% year-on-year. About 30% of respondents reported cost increases of 20–29% (the largest share); roughly 20% reported increases of 10–19%; just over 10% reported increases of 30–39%. Most firms report limited ability to pass higher input costs to customers: among firms with rising procurement costs, 4.2% said they can almost fully pass the increase through to prices, about 10% said they cannot pass costs on at all, and more than 40% said they can absorb less than half of the added cost when combining the under-25% and 25–49% pass-through groups.

伊朗最高领袖高级顾问：伊拉克总理对美国的访问不合时宜，我实在不知道他此行有何预见或目标。