US Debt Outlook Boosted to Stable by Fitch as Tax Revenues Climb
The US government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue.
The US government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue.
Growing anxiety over inflation and plans to adopt a restrictive policy stance in order to cool rapidly rising prices.
US investment-grade corporate bond spreads have breached a key 150 basis point threshold.
Bond market on Wednesday shifted to price in a half-point rate cut in the Federal Reserve’s benchmark rate at some point in 2023.
Fed Chair J. Powell said, US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labor market.
The Federal Reserve has raised the fed funds rate target by 150 basis points since March, and many experts expect a lot more.
White House aides attempt convey message that they're not ignoring recession risk while stressing an imminent downturn is far from from fait accompli.