S&P’s Kraemer: US tax plan seen increasing deficit, could prompt Fed to hike rates faster

In an interview with Reuters, Moritz Kraemer, chief rating officer at S&P Global, argued that the U.S. tax plan would increase the deficit and could prompt the Federal Reserve to hike interest rates at a faster rate than expected. Kraemer further added that a looser fiscal policy could lead to negative rating action unless the long-term challenges are addressed.