Archive · 23 May 2025
Stocks Rebound as Tax Bill Advances, Treasury Yields Ease
Stocks went up on Friday after falling the day before because the US government is thinking about changing taxes.
People were worried about the US owing too much money, but some experts think the tax changes might not be so bad.
Also, the value of the US dollar changed compared to other countries.
Bitcoin, a type of digital money, is also worth more now.
One plan is to cut taxes which might help the economy grow, but some people worry it will cause the US to owe more money.
A government official also said that interest rates might go down if some taxes are lowered.
The rising food prices in Japan influenced their inflation rate.
Equities mostly climbed on Friday, bouncing back from the previous day’s sell-off.
The House approved a tax-cutting bill.
Fiscal conservatives express worry over rising deficits.
Treasury yields eased amid stronger-than-expected US data.
Bitcoin hit a new record amid optimism for upcoming regulation on stable coins.
- Who
- Investors, markets, and government officials.
- What
- Equities climbed, rebounding from the previous day's sell-off.
- When
- Friday
- Where
- Global markets, including Asia and Europe.
- Why
- Markets rebounded due to easing Treasury yields, passage of tax-cutting budget, and positive economic data.
Fiscal Conservatives
The White House
Impact on National Debt
Fiscal Conservatives
Express concerns that the bill could widen the deficit by up to $4 trillion over ten years.
The White House
The White House argues the legislation will stimulate economic growth to 5.2%, claiming the growth would neutralize the bill’s impact on the national debt.
- Tokyo - Nikkei 225
- Up 0.5% at 37,160.47 (close)
- Hong Kong - Hang Seng Index
- Up 0.2% at 23,601.26 (close)
- Shanghai - Composite
- Down 0.9% at 3,348.37 (close)
- London - FTSE 100
- Up 0.4% at 8,771.35
- Bitcoin's New Record
- Up to $111,980.33
- National Debt
- 36 Trillion
- Projected Economic Growth
- 5.2%