Strategists questioned the Treasury Secretary's recent comments asserting that Federal Reserve policy overshoots models by more than a percentage point.
Analysts at the rating agency offered a measured outlook, estimating that the deficit won't persistently deteriorate even with recently legislated tax cuts and higher spending.
Investors are turning their attention to earnings from US consumer giants.
Tariff revenue reached a fresh monthly record in July.
Chipmaker’s recovery seen as helping win jobs and voters.
It could make it harder for larger sponsors to pursue new deals.
Firms are facing increasing scrutiny over whether they can be held responsible for losses by clients whose ability to understand their investments has been compromised.
Jerome Powell expected to unveil the Fed’s new policy framework
Traders are also cautious ahead of the Fed's Jackson Hole retreat this week.
'Trend could last for the next 10 to 20 years' says Allspring leader.
