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Fiscal problems in the United States

Fiscal problems in the United States | 14 November 2023

14 November 2023, GBP/USD

Fiscal problems in the United States

GBPUSD trading plan:

U.S. Treasury Secretary Janet Yellen pushed back on Moody's decision last week to cut its outlook on U.S. debt, saying the U.S. economy is strong and the Treasury market is both safe and liquid. The ratings agency on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable," citing large fiscal deficits and a decline in debt affordability. The rise in long-term interest rates would create a challenge to debt sustainability if it lasts, Yellen acknowledged. Yellen also called on House Republicans to work to avoid a partial government shutdown that could come as soon as the end of this week. It is the third fiscal showdown this year, following a months-long spring standoff that brought the federal government to the brink of default.

Investment idea: range 1.2240 -1.2340.

David Johnson
Analyst of «FreshForex» company
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