Fitch Says US Fiscal Metrics and Governance Spurred Credit-Rating Cut
Weakening US fiscal metrics and governance, highlighted by political wrangling over the debt ceiling, were at the heart
2023-08-03 01:46
Brazil’s Lula Says He Expects Rate Cut, But Renews Central Bank Criticism
President Luiz Inacio Lula da Silva expects Brazil’s central bank to begin cutting interest rates on Wednesday, saying
2023-08-03 01:24
Kansas City Fed Names Veteran Banker and Regulator as Its Chief
The Federal Reserve Bank of Kansas City appointed a longtime former banker and bank regulator its new president
2023-08-03 01:19
US Plans $103 Billion Debt Sale, Says Issuance to Keep Rising
The US Treasury boosted the size of its quarterly sale of longer-term debt for the first time in
2023-08-02 20:52
BofA Joins Fed in Reversing Recession Call Amid Growing Optimism
Economists at Bank of America Corp. revoked their forecast for a recession in the US, becoming the first
2023-08-02 19:52
India’s Unemployment Rate Falls in July Due to Farm Demand
India’s overall unemployment rate fell in July as rural areas saw increased demand for agriculture labor with the
2023-08-02 16:24
US Stripped of AAA Rating by Fitch as Budget Deficits Swell
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 12:58
US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
2023-08-02 12:50
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit
Deputy Governor Shinichi Uchida said that the Bank of Japan is far from an exit or raising its
2023-08-02 11:57
Summers, El-Erian Pile Criticism on Fitch Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:52
Asia Stocks Drop on Profit Taking, Fitch Fallout: Markets Wrap
Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong
2023-08-02 10:25
US Job Openings Fall to Lowest Level Since 2021, Layoffs Ease
US job openings fell in June to the lowest level since April 2021, suggesting some softening in demand
2023-08-01 23:47