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.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Australia's economic growth slows, with May consumer prices at a three-and-a-half-year low and rate cut expectations rising.
2025-06-27
Oil was set to trim gains as Middle East risks eased, but prices rose Friday due to higher US fuel demand during the summer driving season.
2025-06-27
Nvidia stock price hits a record high as AI demand surges, with Wall Street forecasting up to 60% more upside in the coming months.
2025-06-26
