Summary:
U.S. consumer spending rose slightly in April as tariff changes increased economic uncertainty and households boosted savings.
PCE price index May
27/6/2025 (Fri)
Previous: 2.5% Forecast: 2.6%
US consumer spending increased marginally in April, with households opting to boost savings amid mounting economic uncertainty because of a constantly changing tariff.
Core inflation rose 2.5%, the smallest advance since March 2021. Retail sales dropping more than expected in May – another sign of spending caution, weighed down by a decline in motor vehicle purchases.
Economists say the inflationary effects of tariffs have not yet shown as businesses are probably still selling inventory accumulated before Trump embarked on his aggressive trade policy campaign.
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