This week in Trumponomics: Bonds spoil the party
From Yahoo Finance: 2025-05-24 10:00:00
President Trump’s tax bill, passed in the House, aims to make individual tax cuts permanent and offers new breaks for businesses. The Senate will likely pass a version by late summer, with some changes. Meanwhile, Trump’s trade war threatens tariffs, causing market fluctuations and affecting interest rates and national debt. The US’ fiscal performance is expected to worsen compared to past years and other highly-rated countries. The bond market signals a necessary end to a 25-year debt binge, with rising rates and Treasury sell-offs indicating trouble ahead. Policymakers may need to change course before it’s too late.