Fitch Ratings downgraded 25% of U.S. industry sectors to “deteriorating,” citing unclear trade and tariff policies under the Trump administration. The U.S. Dollar Index (DXY) at 97.806, down 0.67%, reflects market caution, with EUR/USD at 1.1700 (+0.4%) and GBP/USD at 1.3600 (+0.3%). Copper futures, up 0.65% to $5.6410 per pound, …
Read More »Washington outraged, stocks sink on US credit rating’s historic downgrade
Following a historic downgrade of the US credit rating by Fitch Ratings, which lowered the US debt rating from the highest AAA rating to AA+, stocks have declined. The rating was lowered after lawmakers risked the country’s first default by negotiating a debt ceiling agreement earlier this year. According to …
Read More »Fitch Expects Weaker US Labour Demand On Interest Rate Hikes
The US labour demand will weaken on rising interest rates, south-dominated jobs recovery according to Fitch Ratings. Fitch Ratings expects the US labour market to weaken as aggregate demand stagnates over the course of the year in response to the lagged effects of higher interest rates, according to a new …
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