Fitch downgrades US credit rating amid rising government deficits.

Fitch, one of the world’s three major credit rating agencies, has downgraded the sovereign credit rating of the United States.

It was downgraded to double-plus from its previous highest rating of triple-A.

Fitch was particularly concerned about “deteriorating government finances.

Last year, the U.S. deficit was 3.7% of GDP.

Fitch expects that deficit to rise to 6.3% this year and 6.6% next year.

He noted that tax revenues are falling while government spending continues to rise, and that the Fed’s repeated interest rate hikes have increased the interest burden.

But the US is a reserve currency, printing money.

While the U.S. Treasury’s status as the “ultimate safe haven” has taken a hit, it should have limited impact on markets.

Add to that the fact that the US economy is on a solid track, with Q2 growth coming in at 2.4%, beating market expectations and surpassing Q1.

The White House 먹튀검증토토사이트 released a statement saying it strongly disagreed with Fitch’s point that the government has problems managing its finances.

So far, the economy has been.

Leave a Reply

Your email address will not be published. Required fields are marked *