Closing Bell: As Good As It Gets? 6/2/23
Closing Bell
00:00
The Fed's Debt Downgrade
The market focused on the fact that we only had 30 deaths of wage growth. Fitch just said, okay, we're going to keep you on negative rating watch for two years. We have a new debt ceiling. I'm going to quibble with the political aspect of it. But in retrospect, from an investor's point of view, it hasn't necessarily mattered tremendously at an enduring basis.
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