May 27, 2025
United States:
US Core Capital Goods Orders Decrease by Most Since October
Orders placed with US factories for business equipment declined in April by the most since October, suggesting a diminishing appetite to invest amid uncertainty about tariffs and tax policy.
The value of core capital goods orders, a less-volatile proxy for investment in equipment that excludes aircraft and military hardware, decreased 1.3% last month after an upwardly revised 0.3% gain in March, Commerce Department figures showed Tuesday.
United Kingdom:
UK Food Inflation Highest in a Year as Grocers Face More Costs
UK food inflation nudged up in May to the highest level in a year, as British supermarkets battle higher operating costs stemming from the UK government’s revenue-raising budget.
Food inflation rose for a fourth consecutive month to 2.8%, up from 2.6% in April, the British Retail Consortium said Tuesday.
Asia:
Ueda Indicates BOJ Is Still Eyeing More Rate Hikes, Boosting Yen
Bank of Japan Governor Kazuo Ueda gave the yen a boost by clearly indicating his intention to continue raising the benchmark interest rate if the economy improves as expected.
“We will adjust the degree of monetary easing as needed” to ensure that the bank achieves its sustainable price goal if incoming data give authorities greater confidence that their economic expectations will be met, Ueda said in a speech at an international conference hosted by the BOJ in Tokyo Tuesday.
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