Federal Reserve Bostic: Moody's downgrade of US rating will affect the entire economy and financial markets

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