Davy Morning Equity Briefing
May 25, 2026
Economics weekly
US household spending in a precarious position into Q2
Ireland’s flash inflation reading for May is due later this week, and we expect it to moderate to 3.5%. This is based on energy inflation remaining high, an increase in food inflation and relatively moderate price pressure for services and core goods. Elsewhere, last week’s US consumer sentiment index plunged to a new record low, with inflation expectations picking up again; household spending looks quite precarious ahead of November’s mid-term elections; and the latest polls suggest a strong Democrat lead.
