US President Trump's proposals are reportedly facing opposition in Congress, Semafor reports; these include a gas tax holiday and federal funding for a new ballroom in the White House
Reports of bipartisan opposition to President Trump's proposals, including a gas tax holiday, suggest potential challenges for fiscal measures that might have supported economic growth or addressed inflation concerns.
US President Trump on Tuesday appeared to suggest prioritising stopping Iran from obtaining a nuclear weapon even if it carries domestic economic costs - advisers cited by Axios said the wording was poor and likely to be used in Democratic campaign ads
US Pentagon has not signed new contracts to replenish its munitions supplies, NBC reports
US President Trump's proposals are reportedly facing opposition in Congress, Semafor reports; these include a gas tax holiday and federal funding for a new ballroom in the White House
Chinese M2 Money Supply YoY (Apr) Y/Y 8.6% vs. Exp. 8.5% (Prev. 8.5%)
Chinese Outstanding Loan Growth YoY (Apr) Y/Y 5.6% vs. Exp. 5.8% (Prev. 5.7%)
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This opposition could lead to uncertainty in markets, particularly affecting energy prices and the broader economic outlook, which may resonate through equities and currency valuations as traders reassess policy risks.
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