Fitch’s downgrading of the U.S. credit rating reflects the real deterioration of America’s fiscal standing as well as its ability to safeguard it.
Federal Reserve
Higher interest rates in the U.S. can have a detrimental effect on the economic, political, and social well-being of developing nations.
The latest rate hike will cause more harm in the banking sector than the Fed anticipates, making a recession more likely.
Central banks are raising interest rates to combat inflation. But if they push too hard or fast, they could trigger a recession.