June 27, 2025
United States:
US Consumer Spending Drops in May, Price Pressures Remain Muted
US consumer spending declined in May by the most since the start of the year, indicating elevated uncertainty around the Trump administration’s economic policies is increasingly weighing on the outlook for growth.
Personal consumption expenditures fell 0.3% after adjusting for inflation, according to Bureau of Economic Analysis figures published Friday.
Europe:
ECB May Need to Hold Rates Amid ‘Two-Sided’ Risks, Knot Tells FT
The European Central Bank may have to keep borrowing costs steady for the forseeable future as officials confront both upside and downside risks to consumer prices, Governing Council member Klaas Knot said.
Speaking to the Financial Times, the Dutch governor, whose term ends this month, said he couldn’t rule out a further reduction but said that colleagues will need to judge how the trade war and energy prices impact the economy.
Asia:
China’s Central Bank Says Economy Is on Positive Track But Challenges Persist
China’s economy is showing positive signs and confidence is building, but challenges such as insufficient domestic demand and deflationary pressure persist, according to the country’s central bank.
The People’s Bank of China, in a statement after its quarterly monetary policy committee meeting, said it will adopt a flexible approach to policymaking, taking into account both domestic and international conditions. Monetary policy will remain “moderately loose,” with the aim of maintaining stable economic growth and prices within a reasonable range, it said.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
