Wednesday, September 27, 2023

US Likely to See More Rate Hikes, Says Fed’s Bowman

TLDR: Fed's Michelle Bowman suggests additional US rate hikes are likely needed to control inflation. She supports the recent quarter-point rate increase, considering strong...

Fitch Downgrades US Credit Rating Amid Governance Concerns, Economic Challenges

TLDR: Fitch downgrades the US credit rating from AAA to AA+ due to concerns over the country's finances and debt burden. US Treasury Secretary...