BancaMarch: In the US, Monday’s highlights were consumer credit data which improved in May to $11.354 billion, a figure that points to a revival in consumer credit as this figure is well above the previous month’s $6.485 billion.
On the other hand, the New York Fed’s inflation expectations survey also showed a slowdown in inflationary pressures with consumer inflation expectations for the next 12 months at +3.02% versus +3.17% previously. Figures that indicate that the inflation outlook is being contained.
