Recession Call Reversal, Warning Shot to Washington?, and Prices at the Pump 8/2/23
The Exchange
00:00
Schmidt's Monetary Policy Thoughts Will Be Heard Over the Next Few Months
Fitch downgrades the US government's credit rating to double A with a stable outlook from triple A. The agency cites what it sees as fiscal deterioration over the next three years, including tax cuts, increased spending and continued 11th hour deals to raise the debt limit. Jenny Ellen: This is a very significant inflection point once you hit 14% of interest costs for your tax revenues.
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