Pedro Pardo / AP
The US's credit rating is lowered - Yellen "strongly" critical
Fitch lowers the US credit rating from the highest level AAA to AA+. The US has had the highest rating with the rating institute since at least 1994, writes Bloomberg.
Fitch writes in a statement that "the downgrade reflects the expected deterioration of finances over the next three years, a high and growing national national debt and an erosion of power".
In a first comment, US Treasury Secretary Janet Yellen says that she "strongly" opposes the downgrade.
At competitor Moody's, the USA still has the highest rating, Aaa. S&P downgraded the US to its second best rating of AA+ in 2011.
Michael Probst / AP
Core inflation in EMU unchanged in July
Core inflation in the eurozone remained at 5.5 percent in July and was thus unchanged from June. The Trading Economics consensus forecast expected a slowdown to 5.4 percent.
The rate of inflation measured as HICP slowed to 5.3 percent in July, from 5.5 percent in June. Analysts had expected a slightly lower rate, 5.2 per
Inga kommentarer:
Skicka en kommentar