Global FX Market Summary: US Fiscal Health, US-EU Trade Tensions, ECB 23 May 2025 - FinanceFeeds
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Global FX Market Summary: US Fiscal Health, US-EU Trade Tensions, ECB 23 May 2025 - FinanceFeeds
US debt rises $3.8T, credit downgraded, bond yields surge; Trump threatens EU tariffs; ECB eyes rate cuts amid slowing wages. US Fiscal Health and Debt Concerns The US House of Representatives recently passed a significant tax and spending bill proposed by President Donald Trump. This bill is projected to add a substantial $3.8 trillion to the existing US national debt of $36.2 trillion over the next decade, according to the nonpartisan Congress…
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