Digest | 20 May 2025
- Edward von der Schmidt
- May 21
- 3 min read
US equities' week-long ascent relented on Tuesday with Treasury rates little changed; Israel-Iran headlines lifted oil. President Trump's push to see tax legislation through the House brought the GOP closer to an agreement. Regional economic and military alliances continued to take shape with the G7 finance ministerial now underway. A parade of Federal Reserve officials continue to call for more time to assess policy ramifications, likely delaying the prospect of monetary easing until December or later.