BlockBeats news, on May 19, Atlanta Federal Reserve Bank President Bostic stated that Moody's downgrade of the U.S. rating will affect the entire economy and financial markets. The downgrade will impact the cost of funds and may affect the entire economy. We will observe the impact of the downgrade on the demand for U.S. Treasury bonds.
The Federal Reserve will have to determine how the downgrade will affect an already unstable outlook. Given the state of household balance sheets and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait three to six months to see how uncertainty gradually dissipates. (Jinshi)