The much-awaited US July CPI inflation report showed that US Core CPI posted the smallest back-to-back rise in two years. Core CPI inflation rose 0.20% m-o-m for a second month. Headline CPI inflation also rose 0.20% m-o-m
Fitch s downgrade of US sovereign debt to AA+ from AAA has echoed a similar move by S&P Global over a decade ago. The downgrade is attributed to projected fiscal deterioration, a significant and growing government debt burden, and governance erosion relative to AA and AAA-rated peers over the past two decades