June 10, 2025
United States:
US Small-Business Sentiment Increases for First Time This Year
Sentiment among US small businesses rose in May for the first time in 2025 as firms grew more upbeat about the economic outlook.
The National Federation of Independent Business optimism index climbed 3 points to 98.8, the group said Tuesday.
Europe:
ECB Can Wait Until September to Even Discuss Next Rate Move, Vujcic Says
The European Central Bank should wait until at least September to have an in-depth discussion about an interest-rate move, according to Governing Council member Boris Vujcic.
“We feel that we are now in a very good position,” the Croatian central-bank chief told Bloomberg Television. “It’s worth now waiting to get more data and in my view, to get another projection before we decide where we want to go and hopefully by that time get more clarity on the on the trade relationships.”
Asia:
BOJ’s Ueda Says Inflation Is Still Below Target, Weakening Yen
Bank of Japan Governor Kazuo Ueda said the central bank is still some distance from its inflation goal in comments that helped accelerate a weakening of the yen.
While Ueda also talked down the possibility of any rate cut to boost the economy, the mention of a possible need to offer support for the economy likely gave the impression that the bank’s next move to raise rates will be more distant.
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