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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
May 20, 2025
Page
3
U.S. markets waver as Moody’s cuts the U.S. grade, prompting a modest S&P gain and Dow rise while the Nasdaq barely moves. Yields jump briefly above 4.55 percent on the 10 year as traders price higher borrowing costs, with Washington’s fiscal fights looming over tax cuts and the debt limit.
U S travelers are forecast to reach record numbers over the long weekend with over 45 million people venturing at least 50 miles from home. Most will drive about 87 percent by car while air travel faces uncertain demand amid recent delays and prices easing.
House conservatives demand faster Medicaid work requirements and swift green energy cuts before backing the 1,116 page package. Speaker Mike Johnson seeks to hold a fragile majority as leaders push for Memorial Day passage over Democratic opposition, with negotiations continuing this week.
The piece notes inflation eased and hiring remained solid in April despite Trump tariffs. Economists warn against complacency as tariffs remain large and unpredictable. Walmart warns prices will rise. China truce lowers risk but costs still high, with estimates of higher prices for shoes and clothing and modest growth impact.
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