Federal Reserve Chairman Jerome Powell warned on Friday that additional rate increases might be required to put inflation on a convincing path to the central bank’s two percent target.
Read More: Breitbart
Tag Archives: Interest Rates
Fitch Downgrades U.S. Credit Ratings
One of the “Big Three” credit agencies lowered the United States’s rating by a tick on Tuesday, eliciting swift condemnation from Biden administration officials. Fitch Ratings downgraded the country’s Long-Term Foreign-Currency Issuer Default Rating from top-rated “AAA” to “AA+” in a move that could lead to higher interest rates and borrowing costs.
Read More: Daily Wire