New Zealand PPI and services PMI
Fresh Concerns about U.S. and Chinese Economies
May 19, 2025
(191) Two related developments conspired to hurt the U.S. Treasury bond markets in overnight trading. The Moody’s agency downgraded their rating of U.S. federal debt to Aa1 from Aaa, projecting sizable additional increases over the coming decade in both debt to 134% of GDP from 98% and in the deficit to GDP ratio to 9%. […] More
