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Stock impact report

Trump tariffs put US finances at risk, says Moody's [Yahoo! Finance]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Yahoo! Finance
In a stark warning to investors, Moody's said that Mr Trump's tariff policy would “weigh on business investment, dampen consumer confidence and prevent the Fed from reducing interest rates”. It also warned that the affordability of the US government debt is “materially weaker” than it has been over the past two decades and worse than other nations with higher quality credit ratings. “Because the US is home to the world's dominant reserve currency, we acknowledge the exceptionally high demand for US Treasury debt and consider it to have significantly higher capacity to carry a larger debt burden than most countries,” the agency said. “The potential negative credit impact of sustained high tariffs, unfunded tax cuts and significant tail risks to the economy have diminished prospects that these formidable strengths will continue to offset widening fiscal deficits and declining debt affordability. In fact, fiscal weakening will likely persist even in very favourable economic and fi Show less Read more
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