2min chapter

The Compound and Friends cover image

Six Reasons to Stay Worried

The Compound and Friends

CHAPTER

Moody's Downgrades the US Government and Put Others on Watch

Moody's downgraded multiple banks' weightings and put others on watch. Higher rates have reduced the value of bonds and other assets owned by regional banks. The ratings firm also pointed to the prospect of a recession in early 2024.

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