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Mini 'Sell America' Vibe Revived After Moody’s Downgrades U.S. Debt
News May 18, 2025 at 12:55 PM
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What You Need To Know
- The ratings group stripped the U.S. government of its top credit rating late Friday.
- The downgrade is "unsurprising amid unrelenting unfunded fiscal largesse that’s only set to accelerate," said Franklin Templeton's Max Gokhman.
- The U.S. Treasury just reported that China had reduced its holdings of Treasurys in March.
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