The Latest Breaking News from Fitch

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Brace yourselves! Fitch predicts soaring US fiscal deficits on the horizon as the elections draw near. Hold onto your wallets—this could get bumpy!

Inflation is still expected to return to the Reserve Bank of Australia's target band by the end of 2025 but is proving to be more persistent than expected.

This positive development reflects the country's growing economic resilience and potential for expansion. Read further on Dynamite News:

Due to the inverted yield curve, short-term bonds now have higher yields at maturity than longer-term bonds. Moreover, with the Fed funds rate expected to remain higher for longer, it could be prudent to invest in short-term bond ETFs PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT), JPMorgan Ultra-Short Income…

The Times of London reported Morgan Stanley had bid to take up a quarter of Stonegate Group's distressed pub portfolio.

A shutdown is possible if Congress fails to provide funding for the fiscal year starting October 1.

Joe Biden has come out fighting against perceptions that he is handling the US economy badly. During an address in Maryland, the president contrasted Bidenomics with Trumpian “MAGAnomics” that would involve tax-cutting and spending reductions. He decried trickle-down policies that had, “shipped jobs overseas, hollowed out communities and produced soaring…

The US banking crisis triggered worries about the global banking system earlier in the year. Three mid-sized US banks, Silicon Valley Bank, Silvergate and Signature, fell in quick succession, driving down bank share-prices across the world.