May 2015 – Economic Review
As U.S. GDP growth slipped into negative territory, Asia and Europe worked to keep their economies from following suit.
China cut its lending and deposit rates by 25 bps amidst domestic weakness and slowing exports to Europe. The European Central Bank will speed up bond purchases in the coming weeks as the bank tries to sidestep an annual summer slowdown in bond trading, when diminished selling volume would drive bond prices higher.
In this issue:
- Chicago GO Bond Ratings
- Detroit GOULT Bond Ratings
- U.S. Productivity Lackluster
- Market Returns as of May 31, 2015