NEW YORK (MarketWatch)Standard & Poor's revised its long-term outlook on its U.S. credit rating to stable from negative
S&P downgraded the sovereign rating to AA+ from its top rating of AAA in 2011
The rating agency cited economic strength and the dollar's status as a reserve currency as the primary drivers of the outlook revision
S&P said the country has less than a one-in-three chance of another downgrade in the near-term
2 comentarios:
WASHINGTON (MarketWatch) -- The national activity index compiled by the Chicago Fed rose to a negative 0.30 from negative 0.52 in April, while the three-month moving average dropped to negative 0.42 from negative 0.13 in April. The national activity index is a weighted index of 85 different economic indicator, designed so that readings of the three-month average below negative 0.70 indicate an increasing chance a recession has started, while readings of zero indicate trend growth. The Chicago Fed estimated 34 of the 85 indicators.
WASHINGTON (MarketWatch) - The spike in bond yields over the past month are "larger" than would be justified by any "reasonable reassessment" of the path of Federal Reserve policy, said Fed Gov. Jerome Powell on Thursday. "In particular, the reaction of the forward and futures markets for short-term rates appears out of keeping with my assessment of the Fed's intentions, given its forecasts," Powell said in a speech at The Bipartisan Policy Center. If the market is now pricing in an increase in rates in 2014, "that implies a stronger economic performance than forecast either by most FOMC participants or by private forecasters," he said. Powell is the second Fed official to take aim at recent back up of market interest rates since the Fed's meeting last week. Earlier New York Fed President William Dudley said market expectations of an earlier rate hike are "quite out of sync" with the Fed. Powell also said that concerns about a "reach for yield" in fixed-income markets have diminished with the rise in rates.
Publicar un comentario