Reported about 16 hours ago
Investors are preparing for a tumultuous week as Moody's downgraded the US government's credit rating from Aaa to Aa1, attributing the decision to rising budget deficits and ineffective fiscal policies. The downgrade is raising concerns in financial markets, with expectations that Treasury yields could rise further, amplifying worries over US debt and its potential impact on the economy. As the markets react, uncertainties surrounding the dollar's strength and government spending persist, while lawmakers continue to push for expansive tax cuts, potentially exacerbating the fiscal situation.
Source: YAHOO