In the US, uncertainty about economic policy, based on media coverage, rebounded in June after a brief dip in May. The June increase was probably related to the climate of political and monetary-policy uncertainty in the US a few months from the presidential election.
However, US companies expressed greater confidence about their revenue growth in June, after two months of rising uncertainty. The June improvement was likely the result of PCE inflation falling to 2.6% annualised in May. Whether this lasts will depend, amongst other things, on the soon to be published Q2 GDP figures.
