According to CoinWorld news, on May 19, the president of the Atlanta Federal Reserve Bank, Bostic, stated that Moody's downgrade of the U.S. rating will impact the entire economy and financial markets. The downgrade will affect the cost of capital and may reverberate throughout the economy. There will be an observation on how the downgrade affects the demand for U.S. Treasury bonds. The Federal Reserve will have to determine how the downgrade will affect the already unstable outlook. Given the state of household balance sheets and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait three to six months to observe how uncertainty gradually dissipates.
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According to CoinWorld news, on May 19, the president of the Atlanta Federal Reserve Bank, Bostic, stated that Moody's downgrade of the U.S. rating will impact the entire economy and financial markets. The downgrade will affect the cost of capital and may reverberate throughout the economy. There will be an observation on how the downgrade affects the demand for U.S. Treasury bonds. The Federal Reserve will have to determine how the downgrade will affect the already unstable outlook. Given the state of household balance sheets and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait three to six months to observe how uncertainty gradually dissipates.