(Bloomberg) US Treasuries drifted higher after Fitch Ratings stripped the US of its top-tier sovereign rating, spurring modest demand for haven assets which counter-intuitively include debt issued by the world’s biggest economy. Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTru
After delivering a fresh interest-rate hike Wednesday, Federal Reserve Chair Jerome Powell signaled that Monday s senior loan officer opinion survey, which typically polls more than 80 lenders, will show tightening lending standards. The extent of the decline will be closely watched.
Wall Street Braces for the Great Loan Tightening: Credit Weekly bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The great credit tightening is finally approaching on both sides of the Atlantic, if the latest surveys of bankers are anything to go by. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99Vanguard’s Economists Aren’t Buying Talk of a Soft Landing: Q&AAfter delivering a
With the latest inflation numbers coming in lower than expected (0.8% vs 1.0%), the market appears to have regained its upward momentum, climbing 54.90.