Amid Trade Truce with China, US Reports Business Uptick; Price Spike Likely

Amid trade truce with China, US reports business uptick; price spike likely

A survey released by S&P Global on Thursday revealed that US business activity improved in May amid a truce in the ongoing trade war between Washington and Beijing

US Business Activity Rebounds In May, But Tariff-Fueled Inflation Surges At Fastest Pace In 3 Years - Invesco DB USD Index Bullish Fund ETF (ARCA:UUP), SPDR S&P 500 (ARCA:SPY)

US business activity improves in May; inflation poised to accelerate sharply

US business activity picked up in May amid a truce in the trade war between Washington and China, but President Donald Trump’s sweeping tariffs on imported goods raised prices for companies and consumers.