Wolf Money(world market review 25-31 May 2026)
J.R Charton United Kingdom “See Malaya by Railway” poster circa 1930s Collection of National Museum of Singapore Market Summary 25-31 May 2026 *USA* + US PCE index rose 0.4% MoM in Apr, up 3.8% YoY; Core PCE up 0.2% MoM, up 3.3% YoY, both in 3 yrs high; personal spending rose 0.5%, person income roughly flat -US average American personal savings rate fell to just 2.6% in Apr, down from 5.8% YoY, lowest since Apr 2008, well below 30-year average of 5.7% -US consumer confidence dipped 0.7 pts in May at 93.1 -US Q1 GDP revised lower to 1.6% YoY from 2%; driven by downward revisions to investment n consumer spending ± US wholesale inventories up 0.5% MoM to US$938.6bn in Apr, vs revised 1.5% increase in Mar -US initial jobless claims rose 5k to 215k on 3rd wk of May, continuing jobless claims up 15k; weekly employment up by 37,500 + US aggregate business investment in Q1 up 6.4% YoY, deeper AI spending driving these gains -US goods deficit at US$82.4bn...