U.S. Debt Ceiling Is a Risk, Says Fitch's McCormack

The video discusses the economic challenges facing the US, including the impact of the government shutdown, debt ceiling concerns, and fiscal deterioration. It highlights the significant debt levels and the potential risks of a recession, while also noting resilient economic indicators. The discussion covers the normalization of interest rates and the end of the economic cycle, suggesting that while a recession is not expected in 2019, weaker growth is anticipated towards the end of the year and into 2020.

What factors contribute to the normalization of interest rates in the current economic cycle?

What is the expected economic growth trend towards the end of the year and into 2020?