Trading Day: Dealing with the US downgrade

The Moody's downgrade of the U.S. credit rating rippled through markets on Monday and put fresh focus on the nation's fiscal outlook. Long-dated Treasury yields rose, the dollar fell, while stocks edged higher after rebounding from sharp declines early in the session. Jamie is enjoying some well-deserved time off, but check out his latest column examining Federal Reserve Chair Jerome Powell's legacy as the central bank prepares to release its new review later this year.

Raccontata dafinance.yahoo.com