Moody's, credit rating
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Ray Dalio warns that Moody's credit downgrade doesn't reflect the risks of money printing by the federal government in order to pay off debt.
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
The yield on both 10 and 30-year government bonds rose on Monday after another credit ratings agency downgraded the US on Friday.