030: Fitch Credit Downgrade 08-02-23

Markets with Megan: A Quick Financial Markets Update · Aug 2, 2023 · 3m · transcript

Imagine the enormity of our national defense spending, now imagine spending just as much on simply covering the cost of our debt. That's the stark reality facing the US economy, as Fitch downgrades US government debt from AAA to AA+. This week on 'Markets with Megan' we delve into the ramifications of this downgrade, the rising interest rates, and a slowing economy, all of which are causing significant tremors in the equity and bond markets. Join us as our Chief Investment Officer, Megan Horneman, unravels the financial market dynamics, and paints a vivid picture of the looming economic…