— The U.S. economy added 139,000 jobs in May, more than expected; unemployment held at 4.2% while wages are rising at a 3.9% annualized rate, which is more than inflation.
— 45% of U.S. service firms and 31% of manufacturers surveyed said they have increased prices to reflect 2025 tariffs, per survey by the Federal Reserve Bank of New York.
— China resumed exporting some critical rare earth minerals to the U.S. ahead of U.S.-China trade talks in London this week.
— U.S. imports sank by 16% in April and exports rose 3%, as extra purchasing to front-run import tariffs subsided, causing the U.S. trade deficit to drop by 55% from March to lowest level since Sept. 2023.
— Retirement plan sponsors may no longer be able to include ESG factors in making investment decisions per a new regulation by the U.S. Labor Dept. under the Trump administration.
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