White House’s Hassett: Moody’s decision is backward-looking

White House’s economic advisor, Kevin Hassett, hinted at the likelihood that further trade deals could be in the offing.

Key Quotes

I would not be surprised if there are more trade deals this week.
We'll keep a close eye on what the Chinese have agreed to.
The economy will continue to take off.
Moody's decision is backward-looking.

May 19, 2025

Mexican Peso steadies as Moody’s downgrade pressures the US Dollar

The Mexican Peso (MXN) remains firm against the US Dollar (USD) as markets react to renewed uncertainty following Moody’s downgrade of the US credit rating. The decision to lower the sovereign rating to AA1 from AAA has prompted a reassessment of the US Dollar’s status.

Fed’s Williams flags cautious optimism amid lingering uncertainty

New York Fed President John Williams struck a balanced tone in his latest remarks, highlighting strength in recent US data while acknowledging steady uncertainty around trade.

From now on we Elev8

White House’s Hassett: Moody’s decision is backward-looking

Key Quotes

Mexican Peso steadies as Moody’s downgrade pressures the US Dollar

Fed’s Williams flags cautious optimism amid lingering uncertainty