BlockBeats News, May 19th, Atlanta Federal Reserve Bank President Bostic stated that Moody's downgrade of the US rating will affect the entire economy and financial markets. The rating downgrade will impact the cost of funds and may affect the entire economy. They will observe the impact of the rating downgrade on the demand for US Treasury bonds.
The Federal Reserve will have to determine how the downgrade will affect an already unstable outlook. Considering household balance sheet conditions and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait for three to six months to observe how the uncertainty gradually dissipates. (FXStreet)
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