U.S. employers added 172,000 jobs in May and the unemployment rate stayed at 4.3%, signaling a resilient labor market. The strong report comes as inflation and energy prices rise, complicating the Federal Reserve’s next interest rate decision.
Posts tagged as “Fitch Rating”
The U.S. added 178,000 jobs in March, exceeding expectations as the unemployment rate fell to 4.3%. Gains in health care, construction, and transportation contrast with concerns over wage growth, labor force participation, and rising energy costs amid the Iran conflict.
Fitch Ratings Downgrades US Credit Rating to AA+ Due to Growing Debt and Eroding Political Stability
Fitch Ratings Downgrades US Credit Rating to AA+ Due to Growing Debt and Eroding Political Stability
Fitch Ratings has downgraded the United States from AAA to AA+, citing growing debt and eroding political stability. This downgrade could lead to higher borrowing costs for the government and businesses, and highlights the need for fiscal discipline and political stability to maintain the nation's credit rating. The downgrade is a warning sign for the U.S. economy, as it continues to grapple with the economic fallout of the pandemic.