U.S. inflationary pressures were up in June, as the U.S. future inflation gauge gained to 111.4 from a revised 110.5 reading in May, according to data released Friday morning by the Economic Cycle Research Institute.
"The USFIG rose again to an eight-year high in June," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures are mounting steadily."