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

U.S. Federal Reserve Bank of Atlanta President Bostic said Moody's downgrade of the U.S. rating will affect the entire economy and financial marekt. The rating downgrade will have an impact on the cost of capital and could ripple through the economy. Will wait and see the impact of the rating downgrade on demand for U.S. Treasuries. The Fed will have to determine how the downgrade will affect an already shaky outlook. It is unclear whether consumers can bear the full cost of the tariffs, given the state of household balance sheets and recent inflation. Wait three to six months to see how the uncertainty gradually dissipates. (Golden Ten)