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Fitch Might Be Right About the U.S.’s Debt Problem. Treasuries Will Shrug It Off.

Por: MarketWatch Business August 02, 2023

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“Fitch’s concern about a fiscal deterioration in the next three years will likely come to pass,” said Tan Kai Xian, an analyst at Gavekal Research.  He said a further widening of U.S. budget deficits would raise concerns about the country’s ability to manage its debt over the long term unless fiscal action is taken, noting the deficit is already 6% of gross domestic product during a boom period for the economy. However, Xian said the... + full article



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