U-S-A, U-S-A.

Fitch affirmed the US government’s triple-A rating.

  • Fitch sees the Fed hiking in mid-2015
  • Sees deficit hitting 3.8% of GDP in 2022
  • Deficit to rise starting in 2016 with current policies
  • Sees deficit at 2.9% of GDP in 2014 fiscal year

No surprise as US government finances continue to recover after the crisis. In the longer-term there are some demographic and entitlement time bombs that are ticking but for now the US government and US dollar are rock solid.

That's a triple-A rated smile

That’s a triple-A rated smile