Funding, capital strains and real estate risks underpinned the rating actions
Average hourly wages rose faster than expected and will likely worry the Fed
Wage growth rebounded in July, rising 5% year over year
Core inflation recedes alongside falling energy prices
New rating, AA+, is still considered well into investment grade
Analyst sentiment turns rosier for S&P 500 companies, Refinitiv reports
Data suggests the labour market is slowly normalizing from post-pandemic extremes
Decline in working population to pressure growth and government finances
Reducing hours and stress could entice older workers to stay employed, survey finds
Declining loan growth, rising funding costs temper benefit of higher rates, Moody's says