The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
New York NY, Moody’s Investors Service has officially downgraded the U.S. credit rating from Aaa to Aa1, ending a perfect score the country held since 1917. The move, announced Friday, reflects growing concerns over the rising federal deficit, soaring interest payment ratios, and sluggish economic growth.
Continue reading Moody’s Downgrades U.S. Credit Rating, Ending Over a Century of Perfect Standing
the staff of the Ridgewood blog
Washington DC, the Federal Reserve announced yesterday that it will keep its benchmark interest rates unchanged, holding steady at a target range of 4.25% to 4.5% for the third consecutive meeting. The move comes amid mixed economic signals and ahead of critical U.S.-China trade talks set to begin later this week.
the staff of the Ridgewood blog
New York NY, as Washington, D.C., enters 2025, the nation faces a labyrinth of political and economic deadlines, from debt limit battles to potential government shutdowns. Despite this, Wall Street appears optimistic, with the stock market showing impressive resilience and significant gains as it closed out 2024.
Continue reading 2025 Stock Market Outlook: Resilience Amid Political and Economic Uncertainty
