U.S. credit rating downgrade: Market and economic impact
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#fitchratings #uscredit #usdebt #yahoofinance U.S. futures are still under pressure from Tuesday’s credit rating cut. Is this cut a cause for serious concern? BNP Paribas U.S. Senior Economist Yelena Shulyatyeva joins Yahoo Finance Live to break down the credit rating downgrade and what it means for the state of the market. Shulyatyeva says, “I think it’s a long-term issue for us and we will be talking about this (for) decades and decades going forward if this unsustainable path continues.” Shulyatyeva also discussed Friday’s job report and the state of the labor market. Shulyatyeva characterizes it as a “gradual cooling” because “things are still very tight in the labor market.” Subscribe […]