In a report, Moody's warned that the next US administration "must address the widening fiscal deficit", nearly a year after announcing a negative outlook on the US sovereign credit rating. "The administration's tax and spending policies will affect the size of future budget deficits and the expected decline in US fiscal strength, which in turn could have a significant impact on the US sovereign credit profile," Claire Li and W.
Moody's first-ever report on DePIN (Decentralized Physical Infrastructure) states that the technology helps existing networks scale and innovate, but vague regulatory environments may hinder its widespread adoption. The report says that DePIN can improve network reliability and reduce operating costs by combining blockchain with real-world networks such as telecommunications, storage, etc. However, technology rollout faces many challenges, including unclear regulations, cyber security risks, and...
Moody's Analytics said in a note that it expected the Bank of Japan to hold its ground at its September 19 and 20 monetary policy meeting. Although the Bank of Japan has tightened policy faster than expected and hinted at the possibility of further rate hikes, Moody's expects the next rate hike to come in October. Japan's economy is struggling to escape the gloom because of weak consumer spending and exports, the report said. "Inflation will rise sharply in the near term as the government reduce...
Credit rating giant Moody's announced on Wednesday that it is partnering with the Monetary Authority of Singapore's Project Guardian, a public-private tokenization partnership aimed at improving market efficiency. The company plans to provide risk analysis for Project Guardian, which launches in 2022. Specifically, Moody's will focus on fixed income products - including stablecoins, tokenized deposits, fractional funds and other digital asset securities. Rajeev Bamr, Head of Digital Economy Stra...
On July 16, according to its latest analysis, global rating agency Moody's expects the Federal Reserve to start cutting interest rates by 25 basis points as early as its July 30-31 meeting. Madhavi Bokil, senior vice president of Moody's Ratings, said the CPI data confirms our view that the higher-than-expected inflation data for Quarter 1 is a one-off. The rapid cooling of the labor market indicates that the impact of tighter monetary policy is increasing. If the FOMC decides to leave interest ...
According to its latest analysis, global rating agency Moody's expects the Federal Reserve to start cutting interest rates by 25 basis points as early as its July 30-31 meeting. Madhavi Bokil, senior vice president at Moody's Ratings, said the CPI data confirms our view that the higher-than-expected inflation data for Quarter 1 was a one-off. The rapidly cooling labor market indicates that the impact of tighter monetary policy is growing. If the FOMC decides to keep rates on hold at its July mee...