Is the US Credit Rating Downgrade a Nothingburger?
The Breakdown
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The U.S. Faces Serious Long-Term Fiscal Challenges
Fitch put the U.S. onto a stable outlook from negative, which means another move is very unlikely. It's a one-and-done operation and marking to market with S&P's AA plus rating. The biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession. Longer run economic prospects have also improved at least somewhat for two reasons.
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