The core inflation metric tracked by the Federal Reserve will likely come in at 2.7% or 2.8% for June, versus 2.7% in May, according to a batch of Wall Street estimates out today. That would mean no more progress toward the Fed's 2% target,

Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, up from 3.4% in May, above economists' expectations in a Reuters poll for the rate to remain unchanged,