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Overseas Headlines – May 30, 2025

May 30, 2025

United States:

US Consumers Hit the Brakes While Goods Imports Plunged in April

 

US consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs.

 

Inflation-adjusted personal spending rose 0.1% after rising 0.7% a month earlier, Bureau of Economic Analysis data showed Friday.

 

https://www.bloomberg.com/news/articles/2025-05-30/us-consumer-spending-growth-slows-while-inflation-remains-soft?srnd=phx-economics-v2

 

Europe:

German Inflation Slows Less Than Expected with ECB Set to Cut

 

German inflation slowed less than expected, highlighting lingering risks as the European Central Bank prepares to lower interest rates again.

 

Consumer prices rose an annual 2.1% in May, more than the 2% that economists predicted in a Bloomberg survey but lower than April’s 2.2% advance.

 

https://www.bloomberg.com/news/articles/2025-05-30/german-inflation-slows-less-than-expected-with-ecb-set-to-cut

 

Asia:

Tokyo Prices Rising Most in Two Years Keeps BOJ on Hike Path

 

Prices in Tokyo jumped the most in two years on surging food costs, keeping the Bank of Japan on track for another rate hike in coming months.

 

Consumer prices excluding fresh food rose 3.6% in the capital in May from a year earlier, accelerating from 3.4% in April, the Ministry of Internal Affairs said Friday.

 

https://www.bloomberg.com/news/articles/2025-05-29/tokyo-prices-rising-most-in-two-years-put-pressure-on-pm-ishiba

 

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