May 13, 2025
United States:
US Inflation Comes in Softer Than Forecast for a Third Month
US inflation rose by less than forecast in April amid tame prices for clothing and new cars, suggesting little urgency so far by companies to pass along the cost of higher tariffs to consumers.
The consumer price index, excluding the often-volatile food and energy categories, increased 0.2% from March, according to Bureau of Labor Statistics data out Tuesday.
Europe:
German Investor Confidence Jumps on Progress Over Tariffs
Investor confidence in Germany’s economy improved as the initial shock from US tariffs fades and a new government prepares to boost public spending.
An expectations index by the ZEW institute climbed to 25.2 in May from -14 the previous month.
Asia:
BOJ Still Eyeing Rate Hikes While Wary of Tariffs, Summary Shows
Bank of Japan board members signaled their intention for further rate hikes while citing the need to stay vigilant due the potential economic impacts from US tariff measures, according to a summary of opinions from their April 30-May 1 meeting.
“The bank’s stance to continue to raise the policy interest rate is unchanged” given low real rates and its outlook for the price goal to be met, one of the nine board members said at the gathering, according to the summary released Tuesday, which doesn’t disclose speakers’ identities.
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