In the United States, economic policy uncertainty, based on media coverage, fell slightly in May, after increasing for two months in a row. This drop can probably be attributed, at least in part, to the encouraging fall in inflation in April and May, which is feeding expectations of interest rate cuts by the Fed.
In May, US companies reported increased uncertainty, for the second consecutive month, regarding their sales growth. This rise in uncertainty, which remains slight at this stage, is possibly linked to a number of less positive economic indicators, including the downward revision of GDP growth in Q1 2024 (1.3% annualized q/q instead of 1.6% on the first estimate).
