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ECB Governing Council member Kazmir: Interest rates must be raised further to combat inflation.The preliminary reading of the US one-year inflation rate in June was 4.6%, compared to a forecast of 4.9% and a previous reading of 4.80%.The preliminary reading for the US five- to ten-year inflation rate in June was 3.4%, compared to a forecast of 3.9% and a previous reading of 3.90%.The preliminary reading of the University of Michigan Consumer Sentiment Index for June was 48.9, below the expected 46 and the previous reading of 44.8.The preliminary reading of the University of Michigan Expectations Index for June was 49.3, compared to a forecast of 44.3 and a previous reading of 44.1.