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The Fed is the best defense against U.S. sovereign downgrade, says rating agency
If the Fed loses its independence then U.S. bond investors should don protective helmets. Photo by Chip Somodevilla/Getty Images) S&P Global reaffirmed its AA+ sovereign credit rating for the U.S. in a new report late Monday but it made one thing clear: the independence of the Federal Reserve is of paramount importance if that rating is to be maintained. That's because when analyst Jeff Sexton assessed the dynamics of U.S. debt, many of the metrics plugged into his model were problematic. Implicit within his commentary was a warning that without the credibility, flexibility and stability the Fed provides, and its ... (full story)
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From @financialjuice|Aug 20, 2025ECB's President Lagarde: Trade deals haven't eliminated uncertainty. ECB's President Lagarde: Euro-Area economy proved resilient earlier this year. ECB’s Pres Lagarde: Recent Trade Deals Have Alleviated, But Certainly Not Eliminated, Global Uncertainty - Slowdown In Euro Area Growth Already Evident In Q2
Lagarde: Panel remarks at the International Business Council of the World Economic Forum The global economy is at a challenging juncture. But despite recent trade tensions and substantial uncertainty, global growth has remained broadly steady so far. This resilience has been mainly driven by tariff-induced distortions of economic activity. In the first quarter of the year, for example, we saw strong global frontloading as importers boosted their inventories in anticipation of higher tariffs. That has led to stronger than expected growth. The International Monetary Fund finds that global growth for the first quarter of 2025 was 0.3 percentage points higher than it had projected back in April – with international trade and investment driving activity. Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment. One index of global trade policy uncertainty has fallen by roughly half from its peak in April, but remains
From fxempire.com|Aug 20, 2025Ethereum (ETH) has closed lower in 5 of the last 6 trading sessions ahead of this week’s two key economic events – the release of the Fed’s minutes and Chairman Jerome Powell’s ...
From ons.gov.uk|Aug 20, 2025|6 commentsThe Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 4.2% in the 12 months to July 2025, up from 4.1% in the 12 months to June. On a monthly basis, ...
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From think.ing.com|Aug 20, 2025UK inflation was undoubtedly hot in July, but as ever, the devil lies in the detail. Services inflation – the bit usually most relevant for the Bank of England – rose to 5% from ...
From edition.cnn.com|Aug 20, 2025While financial scams have always been around, the variety of schemes that scammers employ to steal money are easily proliferated these days with the internet, social media, AI ...
From dailyforex.com|Aug 20, 2025Bitcoin price pulled back as investors embraced a risk-off sentiment in the market. The BTC/USD pair dropped to a low of 113,120, its lowest level since August 5. It has tumbled ...
