The ratings agency's global head of sovereign ratings, James McCormack, comments in an interview
- We're still quite confident that the US economy will continue to grow
- Trade war is bringing uncertainty and is negative for growth globally
- Expects reduction in investment but doesn't see that as strong enough to tip the US economy into recession
A conservative call by Fitch given market pricing but it's certainly not off the table just yet. The Fed has only started to shift their bias on this issue since it's not like economic conditions at the moment warrant an immediate rate cut.
