debt_burden

Financial Markets Anticipate Federal Reserve Rate Cuts

3 months ago

In recent weeks, investors and analysts have turned their attention to possible actions by the U.S. Federal Reserve (Fed) regarding interest rates. A rate cut is expected in the coming months as a response to the slowing economy and changing inflation conditions. The focus of discussions revolves around the factors leading to this decision and the potential consequences for financial markets and the economy as a whole.

S&P Downgrades Kenya: Deeper into Junk After Tax Hike Repeals

3 months ago

According to the latest news, S&P Global Ratings has decided to downgrade Kenya's credit rating to junk status. This decision follows the recent repeal of tax hikes that the government had implemented as part of its economic reforms. The downgrade comes amid concerns over worsening financial metrics and a rising debt burden on Kenya's economy.