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Operation Economic Outcast aims to isolate Tehran from the U.S. dollar without pushing oil prices higher.
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Beijing's retaliation highlights tensions ahead of Xi Jinping's planned trip in September
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The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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Apple CEO Tim Cook promised a "big week" of product announcements has seen the introduction of a new budget-friendly iPhone trim, an entry-level Macbook tier, updated iPad Air models, refreshed monitors and higher-end chipsets. All of which was on display at hands-on media events held Wednesday in New York, London and Shanghai.
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