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Monthly Archives: May 2025

Impact of Trump’s 2025 Tax Cut Bill on U.S. Sovereign Debt and Asset Classes

Written on May 29, 2025 at 7:25 am, by

1. U.S. Sovereign Debt: Current State and Projections Current Debt Landscape Impact of the Proposed Tax Cut Bill To illustrate the debt ballooning issue, the following chart projects the U.S. debt-to-GDP ratio under two scenarios: (1) current law baseline and (2) with the proposed tax cuts fully implemented. 2. Market Reactions and Concerns 3. ImpactContinue Reading

EUR/USD Edges Lower Amid Stronger Dollar, but ECB Outlook Offers Support

Written on May 29, 2025 at 7:23 am, by

 Key Takeaways: *Dollar strength following U.S. trade court ruling weighs on EUR/USD. *ECB’s inflation outlook supports potential for hawkish policy shift, limiting downside. EUR/USD traded slightly lower as the U.S. Dollar extended gains following a U.S. trade court ruling that invalidated President Donald Trump’s use of emergency powers to implement global tariffs. The decision wasContinue Reading

Oil Rises on OPEC+ Output Hold and Venezuela Export Restrictions

Written on May 29, 2025 at 7:23 am, by

 Key Takeaways: *Oil prices climbed after OPEC+ kept its output policy unchanged and Chevron halted Venezuelan crude exports. *OPEC+ surprised markets by not increasing production; instead, it focused on setting 2027 output baselines. *Chevron ended contracts in Venezuela, tightening expected supply. Oil prices rose on Wednesday amid fresh supply concerns after OPEC+ opted to maintainContinue Reading

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