Moody, Treasury and stocks
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Here are the top stories to read ahead of Monday's trading:
Bessent insisted that the administration is on track to produce economic growth that will outpace the rise in debt
A U.S. sovereign downgrade by Moody's has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington. The ratings agency cut America's pristine sovereign credit rating by one notch on Friday,
All three major stock indexes reversed their earlier losses Monday afternoon, as risk appetite improved after Moody's downgraded the U.S. credit rating. “The stock market investors don’t really care about the downgrade at this moment,