Fitch Predicts First Rate Cut by the Fed in September
Publication Time:2024-08-30 01:11:09
International credit rating agency Fitch has released a report stating that the US rating remains at AA+, with a stable outlook. This rating reflects the structural advantages of the US economy, but also faces constraints from growing deficits, debt, and interest burdens. The report predicts that in the face of current economic uncertainties and potential downside risks, the Fed may take its first rate cut action in September in an attempt to stabilize market sentiment and promote economic growth. Despite differences in economic policy goals between Vice President Harris and former President Trump, the report believes that the basic fiscal situation of the United States will continue to remain stable. It is noteworthy that the continuously increasing burden of public debt may strengthen the vulnerability of economic and market confidence, becoming a risk factor that needs to be closely monitored in the future.
Federal Reserve
Interest Rate Cut
American Rating
Fitch Prediction
Economic Downward Pressure