Fitch, please! Why Fitch lowered the US credit rating

2024-12-26 22:59:35 source:lotradecoin platform updates and news category:News

The credit rating agency, Fitch, caused a stir yesterday when it downgraded the United States' credit rating from AAA to AA plus. This came less than a week since Federal Reserve staff stopped forecasting a recession on the horizon.

So what gives? Today, we talk to an economist to break down the reasons why Fitch no longer views the US as among the safest of bets.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:News

Recommend

Save 30% on the Perfect Spongelle Holiday Gifts That Make Every Day a Spa Day

This article is sponsored by Spongelle. Our writers and editors independently selected these product

Phoenix finishes clearing downtown homeless encampment after finding shelter for more than 500

PHOENIX (AP) — The city of Phoenix has successfully cleared out a massive downtown homeless encampme

Italian archaeologists open 2,600-year-old tomb for first time, find wealthy family's treasures

Community leaders and archeologists in central Italy recently gathered in the municipality of Montal