Fitch confirms US rating at AA+, expects Fed to cut interest rates in September

According to BlockBeats, on August 30, Fitch confirmed the US rating as AA+ with a stable outlook. The US rating is supported by structural advantages and constrained by deficits, interest burdens and debts.

Fitch expects the Federal Reserve to make its first rate cut in September. Despite differences between Vice President Harris and former President Trump on economic goals, it still believes that the underlying fiscal position of the United States will remain largely unchanged.