US stocks rebounded in May, posting the first monthly gain since January. The strong recovery lifted American shares to the top of the leaderboard for the major asset classes last month, based on a set of ETFs.
Daily Archives: June 2, 2025
Macro Briefing: 2 June 2025
US consumer spending rose for a third month in April, matching expectations with a 0.2% monthly increase. Profiling consumption expenditures on a real (inflation-adjusted) year-over-year basis suggest the trend still looks resilient via a 3.2% increase (see chart below). Notably, the year-over-year change for real disposable income (DPI) continued to rebound, rising to a 2.9% pace. The pickup in DPI in recent months suggests that the consumer sector will continue to grow in the near term and provide timely support for the economy that’s facing tariff-related headwinds.
