The stock market is currently in a downturn, with significant drops happening again after a major announcement from Mr. Powell, a key figure at the Federal Reserve. The QQQ, Dow Jones, and JNK ETF, all different groups of stocks, are showing lower values than their growth trend in 2023. This decline is worrisome because it suggests companies will have a harder time and are valued less. It seems like the delayed effects of the Federal Reserve's decisions are star...

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On August 1, 2023, Fitch Ratings downgraded the United States' long-term foreign-currency Issuer default rating (IDR) to AA+ from AAA. The last time an international rating agency did so was 12 years ago when Standard & Poor's cut the U.S. credit rating from AAA to AA+ in 2011.
Why downgrade?
Fitch attributed the downgrade of the U.S. to several factors, including weakened governance, rising general government deficits and debt, medium-...